1M charts for the major indexes look very similar: bearish... likely accelerated down trend in short term. Nov 2022 into early 2023 going to be red candles. I think final lows will surprise most. Coming to a chart near you in the near term: Nasdq 9K, DOW 26-27K, S&P 3.2-3.3K.
Hi there I agree with your bias the DJI is still on the bearish side. I'm looking for a sell entry at the market gap on my chart. Please take a look at my idea here:
Ambassadorj
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@desmondlzw, Thanks for your reply and posting your thoughts!
Laurent10
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Mmm...do ypu think that low on DJ?? Look I'm also short/bearish, but lately with the FED and BOE now buying bonds and now S. Korea also buying bond programme starting.....they seem hell bent on not letting the DJ go below 29/28k and the S&P not below +/- 3560