USMCA Signing 29 Jan 2020 Market update
Today's market focus shifts to the signing of the USMCA (United States–Mexico–Canada Agreement), the market just wouldnt be allowed to tank on a day like this.
We did have a huge drop near the open to cover the gap, and found support at Q OP that we have specifically highlighted this week to be the market fulcrum.
We have Fed Decision soon but expectation is for rates to be held steady.
Eventually, the focus will soon shift back to the Corona Virus. We already know that it is more contagious than sars, less deadly - and has all the potential to have a Sars like effect on the economy - given what we have seen in China.
Here is the Key.
Has containment worked? Will this be contained within China?
This is a dynamic situation that can change very quickly.
Watch the Heat Map
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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.
