The Story of DJI 26th Oct 2019
Updated
I am going to paint you a story. Judge & Act for yourself.
Is 26000 justified for Dow Jones?
Should it go higher or lower? And based on what catalyst?
Are the results, all there is, keeping Dow Jones at where it should be? e.g consumer spending, manufacturing results, unemployment.
Does this chart not already placed itself at where it should be?
26th Oct 2019
The US indices are flirting with the Highs, while the Asia Indices are flirting with the lows. STI, HSI, China A50.
The coming Fed Cuts looks already priced in.
Is 26000 justified for Dow Jones?
Should it go higher or lower? And based on what catalyst?
Are the results, all there is, keeping Dow Jones at where it should be? e.g consumer spending, manufacturing results, unemployment.
Does this chart not already placed itself at where it should be?
26th Oct 2019
The US indices are flirting with the Highs, while the Asia Indices are flirting with the lows. STI, HSI, China A50.
The coming Fed Cuts looks already priced in.
Note
DJI has jump 60 points above the support (Orange).Will the area of interest continue to be relevant? (Yellow Triangle)
What else will sustain or push this peak to new heights?
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