Will Dow Jones Extend Its Selloff?
I believe Dow Jones still has more downside ahead. I anticipate a break below 42,200 tomorrow morning, potentially taking out more of January’s lows.
If price rises overnight, I’ll be looking for a Short position at the 8:30 CST open. If it doesn’t, I’ll likely go Long toward the dump initiation zone around 43,160.
Alternatively, we could potentially begin the sell from 2025 Open Price.
Only time will tell—let’s lock in⚡
If price rises overnight, I’ll be looking for a Short position at the 8:30 CST open. If it doesn’t, I’ll likely go Long toward the dump initiation zone around 43,160.
Alternatively, we could potentially begin the sell from 2025 Open Price.
Only time will tell—let’s lock in⚡
Trade closed manually
Just closed my final trade for 238 ticks or 4.7R
I was going to hold to target 42,200 but I already sealed a 2:1R Long at open
Note
I am sticking to the original plan now that we are up 43,000 range. Hopefully we will initiate the sell. Potential +800 tick play to take out the lows that we failed to break today.
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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.