DOW JONES DJI LONG - an opportunity off a lifetime
Updated
Fundamentally
The market is overreacting. Stop losses are being hit, algorithmic trading putting the market down. unable to repay margin calls, SELL EVERYTHING is active (partly to raise money, fear)..
Technically
Montly RSI = 30 Udervalued. Perhaps going into Extreme Undervalued.
200 Montly Moving Avarage = 15150
2016 lows
retesting the high off 2007 "from a distence". I believe the market will not allow a rtest off those highs and buy in advance.
+-40-50% discount from the 2020 high
The market is overreacting. Stop losses are being hit, algorithmic trading putting the market down. unable to repay margin calls, SELL EVERYTHING is active (partly to raise money, fear)..
Technically
Montly RSI = 30 Udervalued. Perhaps going into Extreme Undervalued.
200 Montly Moving Avarage = 15150
2016 lows
retesting the high off 2007 "from a distence". I believe the market will not allow a rtest off those highs and buy in advance.
+-40-50% discount from the 2020 high
Note
Target: 45000-65000Note
~15.000 target is still on.This V-Shaped recovery is not happening. Global Economy is destroyed and we have the US Elections in the fall. Expect more volatility (hint hint VIX). The market still needs to figure out how we are going to progress.
The realization "we're kinda fucked" with this lockdown still hasn't materialised.
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