The US Markets Have Topped Out in the Short Term - Views on News from Equitymaster

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The US Markets Have Topped Out in the Short Term podcast

Jun 17, 2020

In this video, Apurva shows talks about the short-term view on Dow Jones Industrial Average. He shows an extremely rare candlestick pattern which is developing in the US markets.

He also shares his medium-term view on the US markets. He believes the rally in US markets could continue till 4 November 2020. The US elections have a major role to play in this rally.

Watch it to know more.

Apurva Sheth

Apurva Sheth (Research Analyst), Managing Editor, Fast Profit Report is our lead Chartist. And he is very passionate at that! A technical analyst with substantial experience, Apurva follows an integrated approach when it comes to his trading picks. He draws logic from different school of thoughts covering both classical and the contemporary techniques of technical analysis. He is a Chartered Market Technician (CMT) and a member of the Market Technician Association (USA). In the past, Apurva has helped banks, mutual funds, insurance companies and FII's among others make profits based on his recommendations. Apurva was also regular guest/contributor on Zee Business and The Economic Times. As part of the Daily Profit Hunter team, Apurva is focusing all his efforts on ensuring that you, his readers, regularly get access to actionable, and profitable, trading opinions. And he is doing this using his own proprietary process, which has been proven to work over the years.


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1 Responses to "The US Markets Have Topped Out in the Short Term"

Chandrashekhar Vaidya

Jun 20, 2020

Kindly clarify:
1) You said that there could be a trend reversal in US markets and they could head down but you also said that Trump would not allow that to happen. Do I understand that the US markets could drift for the next few weeks and then again start moving up before polling on Nov 4, 2020?
2) Fibbonachi retracement : Is it not at 61.6%? You mentioned 78.6% which I have heard as being applicable only for Indian markets

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