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Day: September 2, 2019

This S&P 500 chart just sent a screaming sell signal—here’s how to trade it

Stocks are sending a sell signal. So says widely followed strategist Sven Henrich, founder and lead market strategist at NorthmanTrader, who told CNBC’s “Fast Money” on Thursday that one S&P 500 chart is showing the market heading for a major drop. Many market watchers have taken notice of the technical “megaphone” pattern the S&P has …

This S&P 500 chart just sent a screaming sell signal—here’s how to trade itRead More

WTI OIL Outlook: Bears Take a Breather above Key Fibo Support

WTI oil price is holding in sideways mode on Monday, contained by important Fibo support at $54.45 (61.8% of $52.95/$56.88) and consolidating after Friday’s strong fall. Escalation of US-China trade war increases pressure on oil price as fears of reduced global demand rise. Last Friday’s 2.6% drop formed bearish engulfing pattern on daily chart that …

WTI OIL Outlook: Bears Take a Breather above Key Fibo SupportRead More

Sterling Tumbles on Poor Manufacturing Data and Political Uncertainties

Sterling drops sharply today as after poor manufacturing data. Also, political and Brexit uncertainties remain in UK. There are “very strong” rumors that a general election could be called this week that could take place before Brexit date of October 31. Australian Dollar follows as the second weakest for now, then Euro. On the other …

Sterling Tumbles on Poor Manufacturing Data and Political UncertaintiesRead More