Bounce Zone for DJI - 1HR
Updated
As you see here, the DJI has been taking a beating obviously. I try to keep my charts to a minimum when possible. Here we can see that it is just now touching a diagonal trendline support. RSI is below 10. DMI is above 50 which means the current trend is exhausted.
I expect tomorrow to be a relief rally with upside. However, the market is becoming shaky and the overall sentiment / market psychology is changing as the corona-virus is looming in the air.
This is just my opinion, not financial advice.
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I expect tomorrow to be a relief rally with upside. However, the market is becoming shaky and the overall sentiment / market psychology is changing as the corona-virus is looming in the air.
This is just my opinion, not financial advice.
If you like my content, please feel free to 'like' and/or 'subscribe' for more updates!
Agree? Disagree? Would like to talk? Please feel free to comment!
Thank you.
Note
The bounce was short lived
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