DJI may have made a very successful bull trap.

TVC:DJI   Dow Jones Industrial Average Index
Ditched DJI shorts a while ago when we made a local breakout but now we're up into the bigger 76 fib.

This may be a big expression of the "Return to normal" section of a bubble popping.

If DJI can turn from around this level - then it may be green light for the bears.

Pending some confirmative action, DJI may become my larger short position in the near future.


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.