US30 Analysis and Trade IdeaThe DOW, like the other indices, has seen a rally for the last 3 days, leading into the Christmas holiday. A Santa Claus Rally, if you will. Price has reached back into HTF supply, and may have a short term bearish reaction.
Overall, I am looking for the recent highs to get raided for liquidity.
Djiaforecast
Thoughts on the Dow Jones Heading Into the WeekendHope you guys enjoy the video, be sure to leave a like, comment, and follow for future posts!
The Dow Jones was down about 600 points today as President Trump continued his sparring session with China, and increased tariffs yet again. We can see a dangerous M forming on our 1 day time frame and I indicated crucial support levels with the fibonacci as well as the dashed red line. If those levels do not hold, we will see the Dow take a plummet in the next week, and the talk of a recession may become a reality. Looking at our shorter time frame, we can see the Megalodon timer giving us a green. I hope that this is a sign that buyers will hold the support levels for the Dow Jones, and hopefully the US and China can come to an agreement soon, so that we may continue our bullish run in the stock market!
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Dow Jones dropped More Than 600 Points in Two Days. What's Next?Here is our forecasting report in the video format on Dow Jones Industrial Average on 31 Jan 2018. Please enjoy.
Good trading
NinjaSingapore
31 Jan 2018
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