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BobbySpa
Nov 12, 2022 12:32 AM

DOW - Hits Downtrend Line! 

SPDR Dow Jones Industrial Average ETFArca

Description

The move in the Dow over the last 21 trading days has come to the very top of its downtrend line up 5100 points or 18% since October 13th. Significantly overbought with many components up 30-50% in the same time. Book the profits and don't stick around too long. Happy Trading!
Comments
Investor_NL
Or you could short it. Probably a low-risk entry for shorting.
BobbySpa
@Investor_NL, for sure!
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