In the 1930's DJI fell into the low part of this bolliger band.
There is for sure still lots of support before this level that might not allow a crash to this level. Though I think with all the money going into REPO markets each day with 0% reserve requirements might be the more likely reason to stop this. If there is many more $ available then the price should go up. The most intense possibility is a crash to this level and then a quick rise to new highs. Not because of realized gains but as a result of the later time being effected bu inflation.
There is for sure still lots of support before this level that might not allow a crash to this level. Though I think with all the money going into REPO markets each day with 0% reserve requirements might be the more likely reason to stop this. If there is many more $ available then the price should go up. The most intense possibility is a crash to this level and then a quick rise to new highs. Not because of realized gains but as a result of the later time being effected bu inflation.
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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.