This important exchange has been doing very well with options and futures contract sales.
CME had a classic pre-earnings run up fueled by professional traders swing trading, out of a platform support level.
The retracement was only a sympathy move with retail knee-jerk reactions due to the fear around the stock market at this time, not an indication of the company's earnings report or growth potential.
The stock is not at its all-time high level yet, so it can run further before slamming into strong resistance.
On the monthly chart, it has a Double Trough on DPO, which is a strong indication for the stock's long-term cycle.
https://www.tradingview.com/x/ryquXE0q/
CME had a classic pre-earnings run up fueled by professional traders swing trading, out of a platform support level.The retracement was only a sympathy move with retail knee-jerk reactions due to the fear around the stock market at this time, not an indication of the company's earnings report or growth potential.
The stock is not at its all-time high level yet, so it can run further before slamming into strong resistance.
On the monthly chart, it has a Double Trough on DPO, which is a strong indication for the stock's long-term cycle.
https://www.tradingview.com/x/ryquXE0q/
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.