Not legal and financial advice; Any information provided here is only the personal opinion of the author.
let's see, I hope the bulls come thru here because I am long and hurting a bit more than I'd care to admit. ;)
Dow Jones now trading at the area I would expect a turn around. It could push right through before retracing. I would look for a modest short position in this area with a tight stop loss above 52.5, taking profits at the lines below. Possibilities are 1. it comes down to the orange and tests highs again. Or 2. It comes down to the red line before testing highs...
What "global recovery"??... Are "they" serious? - Of course not. But it is entertaining, that much is true. Going long Game Stop makes a great deal more sense than owning US equities - or any other, for that matter. (At least a case can be made for he former .) ... and here is one (among many!), reasonably reliable Risk On(Off) FX pair ... ... which says that...
The DJI is now contained in a channel up to resitance around 37,000. I was watching Romeo and Juliet and the above quote hit me like a brick wall. The crash from 40,000 will be something to behold.
The multi year bull channel coincides with the steep rally channel from March lows so these levels are key for breakout or profit taking
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DJI just broke through the trend line and at minimum we should see a correction of about 3-5%, however there is about a 40% chanse it will keep going up tomorrow and create a new trend.
As we can see rising wedge so we are expecting retest of uper trendline then a big fall and then recovery.
Globally, Dow Jones industrial index has been on the growth for almost 90 years since the Great Depression. Ironically, World War II launched an industrial boom in the United States that pushed the index up. It took 30 years and increase in 10 times of the DJI value before a more or less significant correction took place in 1973 , and the oil crisis can be...
$DJIA $DJI $YM $MYM #DRAWDOWN ♁ 21.12.2020AD — possibly today 17:24 GMT 12:24 EST or before 31.12.2020AD ⛢ new #Economic #FULCRUM 2nd for 2020AD cf. March 18, $VIX VoC ☽ ♃ ☐ ♅ 📉 #DowJones down → #downJones * #Gann #WDGann Via Breadth Swinging Methodology BreadthScreener Portfolio
... how this will be tracking??... Here is the Daily;
There is the probability for the completion of the first 5 ascending wave of 1 / A (Weekly Chart ) In the weekly chart, we had this wave counting, this uptrend is likely in the wave 5 from point of 1 / A. ( Daily Chart ) In the daily chart, with the end of wave 4 in the range of 18213.70, the 5th wave has started, currently the price is in the sub-waves of the...
decision zone. breakup can be very agressive. stop > if breaks down & daily closes.
Looks like classic W bottom to me, at this level all the bulls need are some shorts to yolo short this market thinking sp500 will dump down to that bottom range 3250. Then guess what boom to 4k lmao. Well we shall see im in the crypto space watching the alts big boom coming soon. I would not short here though. Like playing Russian Roulette. GL guys.