Dow Jones Industrial (Fibonacci Analysis - DJI)
Base Case:
Given the current macro risks to global markets, I anticipate markets enter the late cycle starting from Mid-to-Late July lasting until Q1 2023 for the oncoming bear market.
Idea:
(Long)
Entry Price: $30,000.00
Entry Date: Late July 22'
Price Target: $36,500.00
Date Target: Jan. 23'
(Short)
Entry Price: $36,500.00
Entry Date: Jan. 23' - Mar. 23'
Price Target: $2,600.00
Date Target: Q1 - Q2 24'
Given the current macro risks to global markets, I anticipate markets enter the late cycle starting from Mid-to-Late July lasting until Q1 2023 for the oncoming bear market.
Idea:
(Long)
Entry Price: $30,000.00
Entry Date: Late July 22'
Price Target: $36,500.00
Date Target: Jan. 23'
(Short)
Entry Price: $36,500.00
Entry Date: Jan. 23' - Mar. 23'
Price Target: $2,600.00
Date Target: Q1 - Q2 24'
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