RE: barchart13 Sep 2020 18:29
livestock,
Yes i agree, i like the use of TA / Charts, obviously i use these tools via my IG Account and barchart for me is just another confirmation. The decline in stocks, NWG, Lloy & Barc.l in particular, will have caught many out and will continue to do so for the foreseeable...
more downside to come, as Furlough, Brexit, No Deal, mass unemployment start to bite as well as the resurgence of Covid-19 that will no doubt lead to a U-Turn on national action to add to the city wide lock-downs...as the UK enters winter the NHS will need to become the UK Govt priority..
The timing of C-19 Resurgence could not be worse for UK businesses as we go into the silly season, France reported worse numbers again....
The US election will also be weighing on global markets, should Trump not get another term then the DOW will collapse, should he get in then i also expect China / US tensions to escalate as more and more china companies are hit by The Don
lots of Swing Traders, Day Traders will realise this in the coming days, weeks and will close the Long Positions....
I fully expect the momentum to pick up as each session passes...
DYOR