Short
Dow to drop another 5000 points?!!
With all the terrible news in Italy and the UK looking set to move phase 2 soon and start shutting down schools and all large public gatherings (clubs, gyms etc will be next same as Italy) within the next couple of weeks, the flag extension of 5000 points to the downside looks a really possibility. The 200 week MA is 3000 points lower that seems a likely target in the first instance.
I think we will see a run on the supermarkets, most people off work and serious economic problems.
I think we will see a run on the supermarkets, most people off work and serious economic problems.
Note
Target completed... 5000 points lower in just 3 daysTrade closed: target reached
Note
What a move!
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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.