us30 could have a 3,000 point sell off!
last week we saw markets completely go parabolic (over 1,000 points in 1 week!).... i do think that this is super bearish.. why? because you usually dont see moves like this but when you do it tends to have a sell off right after.
here i have another chart showing that 33k is the top for a month or so:
on this chart you can see fib tools/a bolinger band indicator.
every time it tests/crosses over the top resistance line of the bolinger band we always end up coming down to test the support line(bottom line)
currently we are above the resistance bolinger band line which means we could be getting a sell of very soon!
not only that! on the second chart you can see that we are very close to crossing that pivot ring (hours away) this means that we could be hours away from a huge move (every time it crosses a pivot ring we tend to have a giant move!) i do believe that we will push down since we do have a lot of tools/indicators showing that 33k is the top.
here are your selling points/ targets:
a good selling point would be at 33,027
your first target/ second selling point is at 32,342
your second target/ third selling point is at 32,136
your third target/ forth selling point is at 31,482
and your final target is at 29,572
why 29,572?
29,572 is a long term support and on both of these charts (short term charts) (also a long term chart) shows that we could test 29,572 before we go up to 36k!
(TAKE TRADE AT YOUR OWN RISK)
here i have another chart showing that 33k is the top for a month or so:
every time it tests/crosses over the top resistance line of the bolinger band we always end up coming down to test the support line(bottom line)
currently we are above the resistance bolinger band line which means we could be getting a sell of very soon!
not only that! on the second chart you can see that we are very close to crossing that pivot ring (hours away) this means that we could be hours away from a huge move (every time it crosses a pivot ring we tend to have a giant move!) i do believe that we will push down since we do have a lot of tools/indicators showing that 33k is the top.
here are your selling points/ targets:
a good selling point would be at 33,027
your first target/ second selling point is at 32,342
your second target/ third selling point is at 32,136
your third target/ forth selling point is at 31,482
and your final target is at 29,572
why 29,572?
29,572 is a long term support and on both of these charts (short term charts) (also a long term chart) shows that we could test 29,572 before we go up to 36k!
(TAKE TRADE AT YOUR OWN RISK)