My overall medium - long term bias is still short on dow jones but after this mornings price data I do see a potential short lived bull run in which could present me with a better price for some shorts down into the targets I mentioned yesterday.. My 1st target (32500) was hit last night but I was asleep and didn't get to exit my positions and aloud price to come back and take me out for a loss unfortunately.
So with that being said, my assumption is we will see price move up into 32900 area today and should that happen I will wait and see if there's a clear rejection within that POI and if achieved I will start looking to enter a short or two back down into my targets > 32500 > 32000.
So with that being said, my assumption is we will see price move up into 32900 area today and should that happen I will wait and see if there's a clear rejection within that POI and if achieved I will start looking to enter a short or two back down into my targets > 32500 > 32000.
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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.