The stock market has been under tremendous pressure lately, and it's not difficult to see why. Inflation has skyrocketed to 40-year highs, the Fed has started to raise interest rates to tackle it, and a host of macroeconomic problems have been worsened by Russia's invasion of Ukraine.
Our Analysis:
As long as the price is below 2265.00, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 2117.00
- Take Profit 1: 2040.00
- Take Profit 2: 1950.00
Alternative scenario:
If the level of 2265.00 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 2265.00
- Take Profit 1: 2365.00
- Take Profit 2: 2465.00
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