InvestingScope
Long

Dow Jones: Golden Cross on 4H. Strong buy opportunity.

CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
The index is coming off a 1D Resistance (26,400) break out last week that practically broke the August consolidation range. The upside stopped on the median of the 1W Channel Up ( RSI = 52.840, MACD = 209.700, Highs/Lows = 0.0000) just above the 4H MA200.

The candle action is very similar to the previous High-Low pattern, where after a the Death Cross confirmed the downtrend to a Higher Low, the Golden Cross confirmed the uptrend to the Higher High. The Golden Cross is about to take place on 4H and that should be your buy signal towards a new Higher High. We are willing to take that buy aiming at a Higher High price of 27,850.




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just like the Golden Cross on 14-Nov-2018 and 06-Dec-2018 were also strong buying opportunities...
+3 Reply
@ReallyMe, Not exactly. This buy opportunity was too clear to ignore and so far it is paying up big.
+1 Reply
ReallyMe InvestingScope
@InvestingScope, You're right, so far. Good luck with that.
Reply
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