Short
Dow Showing It's Hand?
Thanks for taking the time to read my idea, your support is appreciated.
The Dow ended the week lower today and a very bearish setup.
It's been grinding out since the 9th as the bulls/bears tussle and wait for the"Fed"
Volatility or whipsaw has characterised this period.
Today there is clear indication of exhaustion and the break.
Bulls are priced to the max and no new stimulus or morphine was prescribed this week.
Reality is creeping in and the social implications spread and seep into the bull psyche.
Bears are building confidence of a trend change or something more sinister.
Takes many swords to bring a prize bull down and this one is premier.
Once recognition that blood is coming....a plunge will ensue.
10% drop is my call.
Have a great weekend!
The Dow ended the week lower today and a very bearish setup.
It's been grinding out since the 9th as the bulls/bears tussle and wait for the"Fed"
Volatility or whipsaw has characterised this period.
Today there is clear indication of exhaustion and the break.
Bulls are priced to the max and no new stimulus or morphine was prescribed this week.
Reality is creeping in and the social implications spread and seep into the bull psyche.
Bears are building confidence of a trend change or something more sinister.
Takes many swords to bring a prize bull down and this one is premier.
Once recognition that blood is coming....a plunge will ensue.
10% drop is my call.
Have a great weekend!
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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.
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.