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Dow Jones Industrial Average Index (TVC:DJI)

TVC:DJI Dow Jones Industrial Average Index

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3rd daily red with the 2 day now displaying very tight compression off major Resistance level at previous high.

Since bottom recovery of pandemic collapse each buy impulse has got shorter with less momentum.

Could be buyers exhaustion. If double top plays out this will be juicy.

Stay safe out there boys and gals.

Comments

I shorted it

DaddySawbucks

@DaddySawbucks, nice man. Goodluck

TradeCobra

@TradeCobra, i covered on gap and reentered on fill, lol. shoulda played calls on the fill, next time haha!

DaddySawbucks

@DaddySawbucks, nice bro

Yes but does it looks like what happened on 15 May 2020? Feds will send the 2nd stimulus checks. It may not be totally out of line to expect that it will moon again 😆

jexmee2193

@jexmee2193, awesome 👍

jexmee2193

@jexmee2193, what about store closures? Record numbers!
But again, you could be right, the market doesn't follow real fundamentals