The "crash" in the DJ could potentially bottom out by late April or early May, at least from a cyclical standpoint. That said, there's still a risk of a further decline into June, as a panic cycle is approaching.
However, from a technical perspective, the weekly chart of the DJ reveals a significant demand imbalance that aligns with cyclical support, suggesting the potential for a major low.
Regardless, the stage is being set for a SLINGSHOT to the upside, as capital begins to flee Europe and flow into the U.S. amid rising global tensions and uncertainty.
Both the DJ and Gold are poised to reach new all-time highs ahead!
However, from a technical perspective, the weekly chart of the DJ reveals a significant demand imbalance that aligns with cyclical support, suggesting the potential for a major low.
Regardless, the stage is being set for a SLINGSHOT to the upside, as capital begins to flee Europe and flow into the U.S. amid rising global tensions and uncertainty.
Both the DJ and Gold are poised to reach new all-time highs ahead!
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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.
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.