If this bull market collapses, those short-sellers who are in profit would need to be prepared for bull-rebellions. The 200 EMA (or MA) is normally an area for rebellion. I'm looking ahead - as I'm short in this market.
I do not suggest that the 200EMA is a price target.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
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Weekend Wall Street DJI is back down 709 pts below Friday's close at 16:30 GMT, beating down a 200 pt rebellion north. Current price at 17:08 GMT is 25180 (subject to spread).
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Weekend Wall Street just fell to minus 746 points from Friday close at 18:00 GMT 2020-03-08.