I do not trades stocks or indexes at all but technical analysis can be applied to any instrument so this is my view on the DJ Index.
The DJI has had an incredible run since March 2020 (18183) to the high of 36855 made at the beginning of the year. What were the reasons for this?
1) Low to no interest policy of the FED
2) Optimism of recovery from Covid and...
The black swan is here. COVID-19 will cause economic and health warfare for the foreseeable future.
Publishing this to be able to watch it unfold over the years.
It's based off 3 month candles displayed as a line chart.
See chart for key pivot points for todays trading day.
futures are up small at this moment, if we cannot obtain the pivots shown and we roll over into yesterdays low more volatility is to come, looking for sell setups
on the other hand if we can penitrate the pivot lines we could see a relief rally towards yesterdays open levels
