PRS LIVE# 3.2 DERIVATIVE MAP: DOW NOT DEAD, BUT ABOUT TO DIE
This is the map for Dow Jones Industrials (tickers: YM1!, US30, DIA, DJIA) the next 30 days or so.
Notes: If you followed the DOW trade, please note that I started with a 10% entry and kept it 10% at each entry and DID NOT TAPER UP. This is because I could see it go up to 27200 without having the evidence to say it was likely to.
After 8/11 or 81/2, PRS says gold, silver, oil, bitcoin, the DOW, and stocks in general will all peak at roughly the same time and have 7 days of simultaneous weakness. I think the dollar has one last bullet to fire.
This set up for this move is very strong. Target moved up a bit to 23700, but we have A LOT OF ROOM for this one. So don't freak out if your average is cicrca 26600.
As usual, I will update if time allows.
Notes: If you followed the DOW trade, please note that I started with a 10% entry and kept it 10% at each entry and DID NOT TAPER UP. This is because I could see it go up to 27200 without having the evidence to say it was likely to.
After 8/11 or 81/2, PRS says gold, silver, oil, bitcoin, the DOW, and stocks in general will all peak at roughly the same time and have 7 days of simultaneous weakness. I think the dollar has one last bullet to fire.
This set up for this move is very strong. Target moved up a bit to 23700, but we have A LOT OF ROOM for this one. So don't freak out if your average is cicrca 26600.
As usual, I will update if time allows.
Note
SL 27777Note
Wednesday morning 10:00 27890 re-entry full size. Note: previous our average for last 9-10 small entries were 26900-ish.
Note
Thursday morning double down 27859 full size.Note
Friday 8/21 close both entries 27777 12:30 pmNote
8/24 reentry 1.5 size short 28138 1.33 PM CT.Note
9/8 8:13 AM CLOSE 27843.Note
FOR RECORDS. I didnt have enough time to manage this one well. Add it all up ita a loss of 1.32%.
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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.