US30 setup ideas
Are there more bears still yet to come? Are we in a bear correction? Bonds or Equity? Value vs growth stocks? Since the market is still divided, what are the few options you have with Dow Jones?
My watchlist zones are around 32 800 and 31 800 marks. They have proved to be vital areas of resistance and support. Using a 100MA and 50MA (Red and blue respectively), one can see that we are still in a bear territory. However, the crossover is starting to shape up. The 200MA tends to lag for me, hence it is excluded.
I will be looking to take buy positions on these zones and favour.
My watchlist zones are around 32 800 and 31 800 marks. They have proved to be vital areas of resistance and support. Using a 100MA and 50MA (Red and blue respectively), one can see that we are still in a bear territory. However, the crossover is starting to shape up. The 200MA tends to lag for me, hence it is excluded.
I will be looking to take buy positions on these zones and favour.
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