DOW 25K or Gap Fill for xMAS?
Hi Traders,
Wasn't able to post this as quickly as I wanted to. After a 100 point straight fall upon open we always see the same thing: Back to the top we go. What happens when we get there?
The question remains, how will markets react... we're slightly over 100 points away from the psychological number that is 25.000, but there's also a HUGE gap that needs to be filled in the mid 600s level.
It can EASILY go both ways as the Tax Bill hype has calmed down. I Recommend trading a simple breakout strategy. 1hr Candle close above current ATH then long to 25K. And vice versa if we get into the '"Gap" area.
Wasn't able to post this as quickly as I wanted to. After a 100 point straight fall upon open we always see the same thing: Back to the top we go. What happens when we get there?
The question remains, how will markets react... we're slightly over 100 points away from the psychological number that is 25.000, but there's also a HUGE gap that needs to be filled in the mid 600s level.
It can EASILY go both ways as the Tax Bill hype has calmed down. I Recommend trading a simple breakout strategy. 1hr Candle close above current ATH then long to 25K. And vice versa if we get into the '"Gap" area.
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