Dow Setting Up Low Heading Into Next Year/Month January
On the Daily chart, I have marked each month by the vertical blue lines. The purple lines are the monthly opens.
I will be looking for the low of Monday the 23rd to be taken and a couple of inside days before the breakout of Thursday's high. The three stacked highs at the end of November/beginning of December are easy targets to be taken. Also, the creeping trend with the FOMC blowoff into the rising trendline is another dead giveaway for a short squeeze.
I will be on the watch for October's open to be used as a major support for the bounce
This ALL lines up with my longer-term plan of the dump back down to 37,000 for the upcoming 20% correction. 37,000 will be the higher low in the Secular Bull Trend that is projected to hit 159,000 by 2042.
I will be looking for the low of Monday the 23rd to be taken and a couple of inside days before the breakout of Thursday's high. The three stacked highs at the end of November/beginning of December are easy targets to be taken. Also, the creeping trend with the FOMC blowoff into the rising trendline is another dead giveaway for a short squeeze.
I will be on the watch for October's open to be used as a major support for the bounce
This ALL lines up with my longer-term plan of the dump back down to 37,000 for the upcoming 20% correction. 37,000 will be the higher low in the Secular Bull Trend that is projected to hit 159,000 by 2042.
הערה
Keep on the lookout for the pump up day into 43,645 for the dump back into the 23rd's low of 42,850.
Possible parabolic dump trade at the end of month for a 10 to 1
עסקה פעילה
These are what my next trades will look like in the next week.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.