TVC:DJI Winter is coming.... Classic Double Top with RSI Divergence. We have just closed below the 8 EMA on the monthly chart. We are in a extended trend on the 7th wave and a failed 9th wave. I will be looking for shorting opportunities on the weekly and daily charts. Panic is going to set in and the media is going to love it. This is the set up for the perfect storm to short the market. Smart traders with good risk management skills with make a fortune.
Comment
⋅
This is also an extended trend. We are at the 7th wave up and now have a failed 9th wave.