$DJI after Jobs report Targeting 28175 IF pass it up then 28686
Updated
After stunning jobs reports so many fundamentals improved but still market did not made the required correction in order to move further and its very clear divergence with RSI and other indicators on longer frames but for time been we can expect bounce to latest ATH at 28175 or at least up Monday to test the right shoulder at 28090 . this move will be supported by the good jobs report .. then pullback or continue 28175 if pass it the target will be 28686. we could drop from there and start corrections will lead to 26666 by mid-end of Jan 2020 . puts plays will be better than calls on these levels as bullish run could be too short . we saw selling behavior during last week so be sure to cover your positions or hedge enough .. thanks for reading good luck
Note
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.