US30 Analysis
Quick Trade idea.
Over the last 3 weeks, we've gotten a move just over 2,600 points straight! And in my opinion, this all is way too good to be true.
Two key levels I'm interested in price potentially reaching, 35,680 & then back to 32,300.
I mentioned these two price points because I believe these areas are key areas of liquidity - also take note on the fact that both these price points have a GAP in structure. It may not be right away, but there's always a point of time price does cover them. So from here, Im looking to sell the markets from the High of 35,500 area - all the way back down to where this bullish move began, possibly even further!
And just looking at the strength of the economy alone, you can tell there's only a certain amount of time before things start crashing down again. Interest rates, Inflation and more will definitely have a impact on where things will go over time. It has been 2 months straight now of no change in interest rates, but the next change in that rate most likely won't be a decrease, and we all know the impact many people, and business will feel from that.
This is just my personal opinion, Trade Safely!
Over the last 3 weeks, we've gotten a move just over 2,600 points straight! And in my opinion, this all is way too good to be true.
Two key levels I'm interested in price potentially reaching, 35,680 & then back to 32,300.
I mentioned these two price points because I believe these areas are key areas of liquidity - also take note on the fact that both these price points have a GAP in structure. It may not be right away, but there's always a point of time price does cover them. So from here, Im looking to sell the markets from the High of 35,500 area - all the way back down to where this bullish move began, possibly even further!
And just looking at the strength of the economy alone, you can tell there's only a certain amount of time before things start crashing down again. Interest rates, Inflation and more will definitely have a impact on where things will go over time. It has been 2 months straight now of no change in interest rates, but the next change in that rate most likely won't be a decrease, and we all know the impact many people, and business will feel from that.
This is just my personal opinion, Trade Safely!
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.