Dow Jones Index Bear Market til Thanksgiving
Currently on the first support line and with its entire 2018 gain erased, it seems like the market will see a significant drop til mid November where it will see its second support line.
If it leads to the second support line, it will be a 3000 point drop since the high on October 3rd.
In the media, you will definitely hear the FUD. "Start of another recession" they will say. I will hope that it won't be the case and the holiday season will save us all.
If it leads to the second support line, it will be a 3000 point drop since the high on October 3rd.
In the media, you will definitely hear the FUD. "Start of another recession" they will say. I will hope that it won't be the case and the holiday season will save us all.
Comment:
Currently hovering on the support line. Let's see if it holds.
However. I am still skeptical and havent seen a sign of return to bull market. I would use extreme caution as the volatility is high.