$DNA
Added 2023-10-03 11:42:38 +0000 UTC$DNA struggled yesterday but tested the 200 Day MA now for the 3rd time at $1.70.
The PM today is also sitting on the 200 Day MA line too. As long as this line is held, the structure is in place.
The market is showing some red this PM as many await the results of the JOLTS data, which is due out in 2 and a half hours, 10am EST.
Some economic activity came in hotter than expected this week so there is growing concern that a further hike in interest rates will be needed before the end of the year....I think that was generally accepted to happen anyway.
A weaker than expected JOLTs figure and the market should react more positive.
Comments
Unit Zymergen files bankruptcy? What’s your thought?
Stephanie
2023-10-04 14:02:22 +0000 UTCThe impulse wave would only be invalid below $1.10. The structure I have presented here would be invalid below the low in August of $1.55....so the Wave 2 may not be complete yet if $1.55 is broken.
Gareth Neary
2023-10-03 11:55:35 +0000 UTCHow do we know if the structure is broken? Closing below the MA?
Tomer Altman
2023-10-03 11:46:14 +0000 UTC
