CDC update on Corona Virus - No Immediate short term risks
Price broke above Q OP, retest and intraday showing strength at the minute.
30min and 60min uptrend could get us to F5.
The market fulcrum remains at Q OP
Based on CDC's statements, there is no immediate real term risks for the corona virus to hit the USA, even though they acknowledged that they are dealing with a situation that is in a constant state of flux.
The sentiment today, at this moment in time intraday, should remain bullish, until further news or developments regarding the situation.
We are trading back above Q OP.
Short to mid term markets are bullish, should see us trading higher.
Risks for a global epidemic remains low at this point.
Best of Trading,
Joseph A
DiNapoli Trading Academy
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Author
Joseph AuXano
Author
Joseph Auxano, is an active trader with more than 13 years of market trading experience. He obtained his degree in Finance from the University of Singapore. His passion for the markets started early. He was already actively involved with the stock markets before landing his first Job as a Trader at a Commodity Trading House in Singapore. His fascination for the markets continued to drive his search for the Holy Grail of Trading, and his research on Fibonacci Techniques. This led him to discovery of DiNapoli Levels in 2007. Since his training under the tutelage of Veteran Trader Joe DiNapoli, he has since developed as a Professional Trainer and a full-time trader. It was with DiNapoli techniques, that he discovered first hand the freedom that came with trading. He has traded the markets out from Toronto, Miami, Siesta Keys, Singapore, and is now trading the markets out of Bangkok Thailand. Joseph Auxano is an Authorized DiNapoli Expert, representing DiNapoli Levels Methodology in the USA, South America and around Asia. In 2019, with the help and approval of Joe DiNapoli, Joseph developed the DiNapoli Academy Online Course, with the goal of helping aspiring traders in their journey with Dinapoli Trading Techniques.
