Short
US30 SELL (Monday 8/29)
As we all know last week finished pretty terribly for the Dow, S&P500, and overall stock market. Jerome Powell has warned investors of more rising interest rates so investor sentiment is definitely leaning toward the bearish side.
With all that being said, I truly believe we’ll head lower going into Monday until we hit that potential price reversal zone. That range, for me, has been several take profit points for sells and entries for buys. We should see buyers come in late Monday to fight against the buyers.
With all that being said, I truly believe we’ll head lower going into Monday until we hit that potential price reversal zone. That range, for me, has been several take profit points for sells and entries for buys. We should see buyers come in late Monday to fight against the buyers.
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