The DOW looks tired ... The lockdown increases risk of insolvency of American companies, an issue that the FED wasn't designed to resolve.
Note
On the daily timeframe, the DOW punched in a lower high then lower low. This is a bearish daily trend.Note
Bearish Head and shoulders confirmed --- should get interesting.Note
This trade is invalidated if Dow closes above 25kNote
Dow is just below 25k ... looks like the Central Bankers have decided to elevate prices?
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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.