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maxaus

US30 - Trading near key support. Watch for more downside

Long
Dow Jones Industrial Average Index (FX:US30)  
maxaus Updated   
FX:US30   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators US30 US WALL ST 30 dowjones futures CFD DJI dowjonesanalysis
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trendanalysis chartpattern indicator us30 us30usd dowjones futures cfd dji dowjonesanalysis
Observed limited bounce on SPX from its 236 fib. I'm taking LONG position once again after yesterday's profitable day and handsome 130+ pip profit. We're getting closer and closer to decision date. Where market has to decide it's direction, UP or DOWN. Right now upside is limited by ATH @ 26950, so unless we pump hard on some definitive news from Munchin we're set to revisit ATH this week. If not, we are going to be capped by 26500-26700 range until Sunday futures open.

I'm cautiously sitting on a fence right now leaning LONG with tight stops at 26470. TP is 26615. Not getting greedy. Just make some $$$ is enough in this choppy market.
Comment:
In my opinion, we will see sharp pump towards and into Friday session before huge dump on Monday. There will be a lot of news in the coming days about possible deal with Xi, but that only be there to propel stocks higher before the dump. As always holding ordinary investor at a loss on Sunday futures open. We shall see...
Trade closed: target reached:
Congratulations, another 100 pip profit in such dangerous market conditions. Stay put for more trades.
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