WARNING: Complete and utter speculation based on unfounded assumptions! Not financial advice.
SDOW has been pushed down into the dirt by the Dow Bull(ies). Are we getting ready to turn around, trip the gloating bully and run for profit? I've been ridiculed in the past for doing so. But today at least I am in the green.
I've put a hedge on SDOW, made a percent...
$SDOW Target 18.27 for 44.2%
Or next add level is at 7.07
Sometimes you just have to look at it from a weekly candle?? Up from here... it's time.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will...
This is my way of getting a price range on sdow using gann fan
if you follow all my ideas, you'll see im a bear market for the last 2 years
im doing this for fun and get experience
i usually check 3m 15m 4m and weekly montly to make sure im not a idiot
RSI is oversold
I'm bullish on many stocks rn but overall i'm still bearish on the market i think it's about time to buy some SDOW to hedge against some of my longs.
I have no particular bullish targets for this trade but i do have a set stoploss.
Im very bad at predictions
NORMAL RESISTENCE/SUPPORT IS GREEN LINE
OVER THAT IS BULLISH TERRITORY
UNDER IS BEARISH TERRITORY
to go up
VOLUME HAS TO BE OVER 340K
RSI HAS TO BE BETWEEN 35 AND 70, 57+ IS VERY BULLISH
WHEN TOUCHING 400MA over green line, this is gambling
short term between 200ma and 400ma is a healty normal goal
inside triangle, is a safe...
I noticed a few things happening in the markets.
1. The DJIA has dropped from 29k all the way down to 18k in couple days.
2. SDOW has hit record lows while DJIA puts in lower Highs
3. VIX is still above 30 and has been above 60 during this crash.
The market is pumped up by all these stimulus packages the Don keeps creating, but is still struggling to get back...
Looks like a huge descending wedge, seems like they're going to continue to push the Dow higher, but I personally don't see much more room to run past 28500. I like the 3X weighting on this position for a short play to hedge against any downturn. I do believe we may head to higher highs and push this market through Q1, but I'm not confident we can keep it afloat...