Dow Jones Get Back Below 20,000!
Global indices have all be selling off as a side effect of what is happening in the economy. Technicals are showing that the Dow Jones 30 is ready to retest sub 20,000 levels.
Look for short around 21800 - 21300, The formation of a descending wedge has been broken wait for a spike higher before entering any short positions.
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Thank you for everyone who likes and shares this analysis.
Really appreciate it
Connor
Look for short around 21800 - 21300, The formation of a descending wedge has been broken wait for a spike higher before entering any short positions.
For more full analysis, trading ideas and tips feel free to subscribe to my newsletter.
Thank you for everyone who likes and shares this analysis.
Really appreciate it
Connor
Trade closed: stop reached:
The market grew in confidence and is looking to fill higher gaps before retesting the lows. Best to leave this one alone for now. Technical indicators showing that the market remains oversold until this shifts hold off on the DJIA shorts.
