foxtech

Dow30: Short longterm, may test 30.8k range

Short
CURRENCYCOM:US30   Dow Jones Industrial Average Index
Short term bullish hysteria on oversold debt. Seeing high volitility and possible sell accumulation in most sectors over the bext frw months. Media and politics will drive it to the edge of 31k. More detailed analysis later, just a quick idea.

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You think it will plummet down now?
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foxtech leonidk7
@leonidk7, Everything is really volitile right now, I'm starting to pay closer attention to the Tech100, Nasdaq's push past 12k moved flat. All the inflation is tied up there with pharma holding bags if debt. If the 100 slides it will take everything with it. Keeping an eye on th 2 yr and 10 yr bond yeilds as well as some huge moves by the major banks, other than UBSI which took a huge hit, smells a lot like 2008. I don't trade news just technicals so anything is possible here, just too many external factors leaning on the economy and a hefty bag of debt. Not advice, just my opinion.
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