Dow Jones US Stock Index (This is what FEAR looks like)

View On Dow Jones (28 FEB 2020)

It has been a nice ride.
It had been almost a 12-year since we have seen a sell down with such intensity.
This is also a stark reminder/wake up call to those who take "the trading in general" lightly.

Moving forward, I am seeing that we are fast approaching the Strong Support region 25,000 to 26,000, and it can be considered too late to jump in and short. We might be seeing some bounce up soon. Possible by the next week.
So, do think twice if you are thinking of jumping into a SELL wagon.

We are seeing it as "NEUTRAL" at this moment.


Let's see.


DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!



Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.

DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Comment:

View On Dow Jones (2 Mar 2020)

High Volatility means you will need you to lower your lot sizing and widen your stop loss, as the market starts to swing erratically.
The daily move of 1,000 points was almost unheard of in recent months except for the last February.

So, it doesn't matter you are taking BUY or SHORT position, as long as you go in with the BIG lot and TIGHT SL, it is likely that you will get wiped.

Since it is near a strong support region, I am expecting strong wildly sideway/slight bullish swings first.

Comment:

Updated View On Dow Jones (31 Mar 2020)

We are in a decent pullback period and it could last a while longer. A strong bull momentum was detected yesterday and it can/may go and touch 23,000 regions soon.