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MarubozuTrader
Feb 25, 2020 12:52 PM

DOW 1,000 DROP  Education

Dow Jones Industrial Average IndexTVC

Description

DJI dropped 1,000 points yesterday, whats next? heres some ways to navigate:

28174 is a key pivot

Scenarios:

A) a break above 28174 with a bullish impulse should see the gap be filled with more buyers coming in

B) a rejection of 28174 could see a inside day then a deciding break tomorrow either way

C) a break below 27900 will see more sellers and a trip maybe to the 200 day EMA

Comment

Scenario C has played out, meets see how we react around 2700 (200 day ema)
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