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probabilityta
Apr 30, 2022 8:34 AM

Bias more on downside Short

Dow Jones Industrial Average IndexTVC

Description

30th April 2022

50basis point rate hike on the table may further drag down DJI to our first support coincide with 200days MA @ 32.3k

30k major support
Comments
Laurent10
Hi - I tend to agree, I think 30k is max it will or can drop to.....not even sure it will get to there, it has struggled to get here, so I'm thinking 32k is the low...BUT can got to 30, and may see a bounce or retrace OR IF it breaks 30k then who knows really....thanks for sharing, cheers
probabilityta
@Laurent10, nice. Just manage your risk while trading will do. Do not fight the tape. Tape want the market to drop.
Laurent10
@probabilityta, watching it very closely :) I've been short for a while now, so trying to 'make (as much) hay while the sun shines'.....broken 4100 on S&P NOW waiting for DJ to drop/get to 32k....good luck, hope you make good cash
The_Third_Eye_
Long
probabilityta
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