DJI: Short the Rally!
Updated
These are great short opportunities. Economic destruction continues, all in the name off COVID.
The election madness is nearing and markets start rumbling.
Overbought in term off "dumb money" pooring in the market.
Some TA:
ALL gaps are closed on the daily level. US Indexes always close their DOWN gaps. at 29.100 it was fulfilled.
failed to make a new high. I think shorting with liquidation level @ ~30.000 is safe.
Very important support @ 27.500. If this breaks expect HUGE move Down.
50dMA where the market found support before comes into play @ 27.300
then there is support @ 27.000
after that i see a huge gap down to 26.000
The election madness is nearing and markets start rumbling.
Overbought in term off "dumb money" pooring in the market.
Some TA:
ALL gaps are closed on the daily level. US Indexes always close their DOWN gaps. at 29.100 it was fulfilled.
failed to make a new high. I think shorting with liquidation level @ ~30.000 is safe.
Very important support @ 27.500. If this breaks expect HUGE move Down.
50dMA where the market found support before comes into play @ 27.300
then there is support @ 27.000
after that i see a huge gap down to 26.000
Trade active
It rallied. Failed to make new highs. Should go down.Short this rally!!!
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