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murattpics

US30 - approaching major resistance

Dow Jones Industrial Average Index (FX:US30)  
murattpics  
FX:US30   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns US30 us30short resistance_level VIX CBOE Volatility Index
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trendanalysis chartpattern us30 us30short resistance_level vix
Bears can look for potential shorting opportunities. I want to wait for a false break to form, weekly candle to make a wick above 2700 and close again below 2600. Or a big bearish weekly candle like the previous one's.
Hedge funds are shorting the $VIX again at a near record level. Don't forget what happened last time they did this. It was October 2017.
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