DOW JONES ---- We NOW Hit the resistance MARK TOP of channel
מעודכן
DOW JONES ---- We NOW Hit the resistance MARK -- as mentioned.
TOP OF THE CHANNEL IS NOW REACHED!!!! - at 23999 --- at 11am.
This is the critical mooment before easter weekend. It is basically at the top of the channel now --- where resistance will occur.
Will it BUST upward and through this point??? --- or turn back down the channel with the resistance that is met now.
It is EASTER LONG WEEKEND... poeple want to feel good right now.
Not sure If I would hold too many shares into the long weekend. IMO.
It will NEED a lot of positive news to BUST upward and through...this resistance level. (Ie. Lie a vaccine found!! not happening anytime soon...)
Your GUESS is as good as mine at this critical point...though.
But it has reached the top of the channel for now...It MAY reverse down the line as BEARS set in on Monday... with more grim DEATH news over the weekend. Hard to say if Bulls can still push --- but Bears will want a piece of this ACTION soon.
So Far any buying or trading I have been doing is DAYTRADING, buy and sell taking small profits in this latest bull climb up and down the channel upwards.
THEN go to cash for now.
JUST IMO.
Happy easter everyone --- Be very very safe out there.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
TOP OF THE CHANNEL IS NOW REACHED!!!! - at 23999 --- at 11am.
This is the critical mooment before easter weekend. It is basically at the top of the channel now --- where resistance will occur.
Will it BUST upward and through this point??? --- or turn back down the channel with the resistance that is met now.
It is EASTER LONG WEEKEND... poeple want to feel good right now.
Not sure If I would hold too many shares into the long weekend. IMO.
It will NEED a lot of positive news to BUST upward and through...this resistance level. (Ie. Lie a vaccine found!! not happening anytime soon...)
Your GUESS is as good as mine at this critical point...though.
But it has reached the top of the channel for now...It MAY reverse down the line as BEARS set in on Monday... with more grim DEATH news over the weekend. Hard to say if Bulls can still push --- but Bears will want a piece of this ACTION soon.
So Far any buying or trading I have been doing is DAYTRADING, buy and sell taking small profits in this latest bull climb up and down the channel upwards.
THEN go to cash for now.
JUST IMO.
Happy easter everyone --- Be very very safe out there.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
הערה
THESE ARE JUST MY OPINIONS.... It can simply go higher if enough TRADERS want it to keep pushing up... NOTHING SURPRISES ME ANYMORE. Again BEARS will want some action too, at some point. MARKETS NEVER GO UP IN A STRAIGHT LINE. IMO...
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