DJI
Updated
DJI is a very important indicator for the overall stock market. I believe we still going into a deep recession but the question is when? DJI needs to pass the 34000 level then pass the 34600 level in order to make a new high.
Today Inflation report might be positive as the Estimated is 5% and we are currently at 5%, so there is a big possibility that the market will be green if drops hardly. The question is what if the report is negative? this will create a fear in the market therefore will cause DJI to drop to around $30000 in the 2-3 months.
I believe we still going to hit the $30000 in the near future and the reason im saying this because there are no good news to boost the market up except good positive inflation report.
I would buy puts until the end of this year or even until Q1-Q2 of next year.
Today Inflation report might be positive as the Estimated is 5% and we are currently at 5%, so there is a big possibility that the market will be green if drops hardly. The question is what if the report is negative? this will create a fear in the market therefore will cause DJI to drop to around $30000 in the 2-3 months.
I believe we still going to hit the $30000 in the near future and the reason im saying this because there are no good news to boost the market up except good positive inflation report.
I would buy puts until the end of this year or even until Q1-Q2 of next year.
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$30000 might happen sooner than expected
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