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Djia

ridethepig | Quarterly Updates in the Dow📍 The Pinned Buyer => The move lower is justified, since Equities at these levels are as good as forced. After Fed and other CB intervention has stopped, it will inspire anything but confidence. => So a health crisis, thirsting for a vaccine allowed Equities to outperform last Q as a haven for the bizarre 'Keynesian stimulus'. The correct move was a dead-cat-bounce and early buyers were slight! Now that we have cleared the knee jerk phase, what will follow is an elegant catastrophe. Let us look at that DAX chart for reference to the dead-cat-bounce: After overshoots to the downside Buyers defended their game in an entirely rational manner, but now they commit a mistake which enables a snap decision for risk bears. Even those who are bullish on the ST outlook can admit these levels are unattractive in view of the fact that a second wave will oblige surrender on the activity. Remember re-openings are political fairy-dust, confidence is just not there and a quick look at VIX sitting above Lehman levels tells us this. Here many roads lead to home. Unfortunately thanks to the presence of real risk into US elections and year end flows. Thanks for the support coming with likes, charts, questions and etc. As usual keep the feedback coming 👍 or 👎
UShort
by ridethepig
8
Neutral on DJIA (DOW) , will long at upper black if brokenWill look at a scalp long if $26,005 breaks will layer profits in from 50 to 200 points as there was a strong move opening up on Sunday. I have stop/buys orders in place. Please keep in mind this is not a long and my order will not be executed until $26,005 breaks (if it never does that is ok) I will cancel my order. About me: I keep trading as simple as possible. Will not give my method but will give you entries. Don't get greedy. Take profits quick when in green. Let's make money together!
U
by UnknownUnicorn2820659
DJIA (Dow Jones) Futures Losing Momentum (I'm short)DowJones agianst resistance and losing momentum, I still believe we are in for a correction. Currently in a short and always have layered profits down to my target or $25,750 (always book profits) and don't get greedy on the way down. Questions or comments please let me know! About me: I keep trading as simple as possible. Will not give my method but will give you entries. Don't get greedy. Take profits quick when in green. Let's make money together!
UShort
by UnknownUnicorn2820659