Going down from 3200 to 2500 - Back at 3200 for the Nov Election

5 thg 6, 2020

Buy the rumour, sell the news.
Today we had the news that more jobs were recovered than expected. 3200 is too big of a resistance. Much higher probability of trend going downwards in the short term.

Profit taking time! $$$

7 thg 6, 2020

Ghi chú

I can't believe the Dow Jones Industrial Average VS Equity Put/Call is so low! People are betting the markets continue going up!
indexindicators.com/charts/djia-vs-put-call-ratio-equity-1d-sma-params-20150607_20200607-x-x-x/

All time high
S&P 500 VS % of S&P 500 Stocks With 14-Day RSI Above 70
indexindicators.com/charts/sp500-vs-sp500-stocks-14d-rsi-above-70-params-20170607_20200607-x-x-x/

Dow Jones Industrial Average VS VIX
indexindicators.com/charts/djia-vs-vix-1d-sma-params-20150607_20200607-x-x-x/

Dow Jones Industrial Average VS DJIA Consecutive Up/Down Days (Close - Prev. Close)
indexindicators.com/charts/djia-vs-djia-up-down-params-6m-x-x-x/

7 thg 6, 2020

Ghi chú

RSI overbought at 72.48