This is my trend analysis for the next few days which I feel will happen, as always I leave room for error.
I feel we will see Dow in the green for monday and possibly even a few days afterwards with possible minor pull backs (250-300 pips).
I did notice that somewhat bad earnings for some of the major companies affecting the index performance overall didn't stop Dow from climbing, I also see that high unemployment rate doesn't scare of buyers of LONG positions either.
we are in a very interesting time for sure, I am confident we can see the market hit more lows soon, but for now I fell there is some room for profit on a long position till we reach 25500-25750 after that I would be very careful for now.
this is not a suggestion of a financial advice or position, you are welcome to comment, suggest, give hints on how to draw more efficient and realistic trend graphs using all financial tools available on trading view platform.
etc. etc. :))
safe trading to all!
I feel we will see Dow in the green for monday and possibly even a few days afterwards with possible minor pull backs (250-300 pips).
I did notice that somewhat bad earnings for some of the major companies affecting the index performance overall didn't stop Dow from climbing, I also see that high unemployment rate doesn't scare of buyers of LONG positions either.
we are in a very interesting time for sure, I am confident we can see the market hit more lows soon, but for now I fell there is some room for profit on a long position till we reach 25500-25750 after that I would be very careful for now.
this is not a suggestion of a financial advice or position, you are welcome to comment, suggest, give hints on how to draw more efficient and realistic trend graphs using all financial tools available on trading view platform.
etc. etc. :))
safe trading to all!