CURRENCYCOM:US30   Dow Jones Industrial Average Index
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15
Thank you for taking the time to read my idea.

Today we have the ultimate short setup and huge potential.
Yesterday we spoke about waiting for a close below the red line for confirmation.
This is as clear as a bell to enter as you get...your stop is a close above todays high.

High probability of follow through action.
The coming plunges will be very violent like March.
A rush to the exits as fresh memories return.

Bearish inter market divergences are evident as are advance/decline indications.
There is no economic recovery...just a FED induced high.

This wave C down should eventually collapse towards 10K minimum.



Comment: Closed half position.

Comments

Extremely succinct prophetic analysis.
Well done,,
Traders can't say,.. '
you didn't warn them.
Reply
Fractal777 The_Unwind
@The_Unwind, Yes friend...warnings have been there for some time.
Patience is often rewarded....let's watch the show.
Reply
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