Bearish Divergence on the Dow Jones. Price target should be 30k before a possible rebound. I’ve looked at a lot of different Dow stocks and they all look like their gonna fall soon. Best way to profit from this is to go long on SDOW.
Based on current global economic conditions and my analysis DJI along with other major indices will fall significantly. Looking at only DJI pattern, i understand it may touch at least 27k before the end of second quarter of 2023.
Laurent10
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@ulhasanazeem, So....what's gonna happen between now and then? I mean 2nd quarter of 2023 is still a long way away. Are you saying it's gonna go UP from now/here till 2nd quarter 2023? If so the markets will be at ATH's and any drop will be 'normal' - certainly will NEVER go to ATH'S AND drop to 30k - just my opinion. Markets are only gonna go up with the odd drop of 2/3/400pts drop. Thanks for sharing, cheers.
Laurent10
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Hi there.....I can't see this coming down anywhere near the 30k level....when it got there previously, it not only struggled to get there, it couldn't even 'hang-around' the 30k mark let alone go past it. Since then the markets have gone up quite a lot in such a short time....AND I see since beginning of July that EVERY SINGLE drop has been taken out/destroyed/bought. Simply from trading/watching the markets everyday, I can't see the DJ coming anywhere near 30k - sure the odd drop of 2/3/400pts but no big crash/drop/recession etc. etc. - I hope u are right and IO am wrong. Thanks for sharing, cheers.