Dow Jones Index (DJI 30,000. To Be (or) Not To Be?)
View On Dow Jones (16 FEB 2020)
The market has been in the strong rise for the past 12 years and apparently there is no end on sight at the time.
Since it had moved too far for too long, there must be a strong opposing force/reason that must be existed to stop this momentum.
Currently, the index is hovering near 29,400- 29,600 points, which is just 400 points shy away from the 30K level.
So, we cannot rule out the high possibility of it, going to 30K region as well.
And at the same time, it is astonishing to know there the index has yet to price in (or) reflect on the effect of Wuhan Virus.
In Summary, the index may swing to 30k to fulfill the prophecy but sooner or later it should start to show the signs of bearishness in the near future.
In 12-18 months' time, the dow jones index shall be definitely lower than where we are right now.
Let's see and it is going to fun.
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.
The market has been in the strong rise for the past 12 years and apparently there is no end on sight at the time.
Since it had moved too far for too long, there must be a strong opposing force/reason that must be existed to stop this momentum.
Currently, the index is hovering near 29,400- 29,600 points, which is just 400 points shy away from the 30K level.
So, we cannot rule out the high possibility of it, going to 30K region as well.
And at the same time, it is astonishing to know there the index has yet to price in (or) reflect on the effect of Wuhan Virus.
In Summary, the index may swing to 30k to fulfill the prophecy but sooner or later it should start to show the signs of bearishness in the near future.
In 12-18 months' time, the dow jones index shall be definitely lower than where we are right now.
Let's see and it is going to fun.
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.
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Hit our expected TP regions with 2,000 pips/points.
Cheers.