PortfolioBuildersClub

US30 (Dow) - target 18282 - expect volatility

Short
OANDA:US30USD   US Wall St 30
US30 (Dow) - Target 18282 - Expect pull backs and volatility! - Use stops and trail stops to lock profits or break even - there will be many opportunities to re-enter a trade - The big boys will try to buy the markets up(they have a lot to lose). The bottom line is they can't create value were there is no value. Companies with no revenue cannot maintain value or project value. Many companies will not come back without a bailout. So long term this will be a bear market even with the retracements(bounce backs). The only thing that can really change things is a complete halt to all bill payments on things such as real estate, cars and credit lines for individual and companies. In order to maintain order and lawfulness and to augment payroll shortages by companies and states, there will have to be substantial cash grants to all citizens in the next 2-4 weeks. Otherwise, the only solution is a Cure!

Plan?: as Before, Sell drops below 50 EMA. Stops if price crosses above your entry candle or the 50 EMA.
If we go hyperbolic, then same plan using the 20 EMA.

Share your analysis!
Trade closed: target reached:
Target Hit 18282. Expect bounce and volatility from here

Portfolio Builders Club

Continue your Financial Education:

LEAPS Options Books : bit.ly/4bx5Z8w

Compound Interest: bit.ly/48eMkYb

Rule of 72 : bit.ly/3HW4QtB

Futures Trading: bit.ly/42HoDqm
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.