farmtrader15

The D Jones is looking toppy, time to short!

Short
farmtrader15 Pro+ Updated   
TVC:DJI   Dow Jones Industrial Average Index
The Dow Jones has broken up from the two orange resistance lines but has now run right into the macro golden pocket and may hit the high from Aug. I believe these two macro points will yield at least some downside. If we break below the orange lines again I think it is very likely that we plummet over the coming months (feb. or march) below 28,000. By June or July 2023 the DJ will likely be around 25k .

I know these are huge targets, but I wanted to go on record saying that this could very well happen. CPI and PPI currently seem bullish , but we are in this bear market for the long haul.
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I am still short, getting close to cutting this one. One more final add to position, but if we break the local highs I think I will cut this one.
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