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3u11fr0g
Dec 18, 2018 8:55 AM

Dead cat bounce coming Long

Dow Jones Industrial Average IndexDJ

Description

As we can see these last few days have really dropped the daily RSI. I expect another dead cat bounce in the coming days.
If we can close above the 200 MA, and find support above it, I think this correction will be over.
The more likely event is that we close this week below the 200 MA and see lower lows.

Long @ 23600
Sell @ 25000
Stop-Loss @ 23250
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