DowJones is aiming u to fall roughly 250 points Dec. 31 2019, before the new year. Volatility Index (VIX) is screaming for new highs, sending the bears to eat up, and giving the bulls for room to take profit. Expect a bounce at previous support from the 28200 level and potential breakthrough of that 28200 level.
A giant ascending wedge is forming on the Dow dating back from early this year. Expecting it to hit 30,000 sometime mid to late 2020 and profit-taking to come into play.
The 50-day EMA is closing in on the 200-day EMA. Expect a crossover and downward movement similar to 2018 December. Also, ascending wedge is forming after confusion in market and trade war.
