Its going to be Yuge
Would not be buying DJI contracts here. Expecting after hours selling and pre-market selling before open on Monday.
Successful retest of 24000 looks essential for the bulls.
Last several times the MOM has been divergent large drops followed. No reason to expect this time to be different. Would be in cash and waiting (if I wasn't already) on higher lows, retest of the low, or a confirmed breakout. Longs here are equal to a bet on roulette red at best.
That is the 100 MA above price and 50 below.
Would not be buying DJI contracts here. Expecting after hours selling and pre-market selling before open on Monday.
Successful retest of 24000 looks essential for the bulls.
Last several times the MOM has been divergent large drops followed. No reason to expect this time to be different. Would be in cash and waiting (if I wasn't already) on higher lows, retest of the low, or a confirmed breakout. Longs here are equal to a bet on roulette red at best.
That is the 100 MA above price and 50 below.
Note
Last few bearish Divs on the MOM marked on PA. But maybe different this time....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.