DBD Strategy Daily - INDICES : CAUTION
As indices bounced with strength since the end of March, one may wander how probable it is that they join new highs. If we just look at prices using classic "chartist" methods, we cannot rule out that this happens. Our analysis approach combines in-depth consensus and cycle analysis because prices only signal reversals after they happen. In the current situation, our methodology emphasizes the vulnerability of the situation in the medium term. The consensus optimism has grown while prices consolidated, it is dangerous. The current price area is a short-term juncture that could trigger weakness again, but short-term is very hard to anticipate in consolidations. We cannot rule out it takes a few more weeks before volatility rises again.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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