DOW triple top, EU voodoo and making money cheap again
Normally I only write stuff here around crypto. But as support/resistance dude I am, there is one simple rule....if markets don't go up over a periode of time, they will get down...and the more liquid the market, the better. And if the fiat economy is slowing down, USD is loosing ground, it will be a great time ahead for bitoin and also the altcoin market.
All these recent and ongoing stock buybacks, USA vs the world trade wars, pressure on the FED to lower intersts to make money cheap again, war drums rattling, EUs for years ongoing 0.0% intrest strategy, brexit chaos, just to name a few hussles has prevented the already Trump bloated DOW to raise even higher.
Most fundamentals are worse then 2007 and the air is becoming thinner for the window dressers....
So, regarding the RSI has already gone into overbought territory, I will open my first lil short position, thinking around a turbo bear with a knockout around 28050-28200 and runs at leased half a year. Should the resistance be confirmed, another bigger position will be loaded.
All these recent and ongoing stock buybacks, USA vs the world trade wars, pressure on the FED to lower intersts to make money cheap again, war drums rattling, EUs for years ongoing 0.0% intrest strategy, brexit chaos, just to name a few hussles has prevented the already Trump bloated DOW to raise even higher.
Most fundamentals are worse then 2007 and the air is becoming thinner for the window dressers....
So, regarding the RSI has already gone into overbought territory, I will open my first lil short position, thinking around a turbo bear with a knockout around 28050-28200 and runs at leased half a year. Should the resistance be confirmed, another bigger position will be loaded.