Large 1000 points drop - panic drop signal possible rebound dip

19 Ara 2024

The Dow had a strong dip yesterday and this shows a price in exit after the Fed announcement yesterday. Due to the sudden drop that coincides with the pocket of support at 41,700-42,300, the DJIA may signal a possible rebound. Despite declining momentum, the psychological of the market and price action signal maintain the uptrend sentiment. Hence, we maintain our long-term target at 46,000

28 Oca

İşlem aktif

Rebounded exactly at my pocket of support zone between 41,700-42,300. Now patiently waiting for my 46,000. Momentum is strong and is suggesting a strong break above 45,000!