Very interesting Price range to look at now for US30.
After two consecutive negative GDP numbers, market still went up. What I believe is the fed is sugar coating they make investors not to worry. However a big dump is going to happen soon.
This was after one of the feds meetings, market went up a lot that day, but next day came back more down. So what is happening right now is the same thing but on a bigger scale!
I am looking at US30 to at least retest the 32000 range before either coming back up or dropping more.
We are not in a recession, but we most likely will be in a recession. Recession will only be validated if we break the monthly lows on US30!
Misho
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Misho
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.