False Hope US30; Swing Entry

7 May 2022

Let's not deny the bear market we're in, with a Recession more than assured it's only a matter of "when". Currently US30 has been holding support on my 4H and WEEKLY S&R lines and it's been setting lower highs since it hit it's ATH around 36955. All I'm looking for is a good entry for a swing trade down. Again we don't try to tame just mitigate when it comes to beasts like the US30 so if my sell limits are hit I'm watching for a break in the downward barrier that's held since the ATH. If it breaks I'll be exiting and looking for a higher entry, A Recession is in the future but manipulation and other factors may try to signal for a change in direction, but I'll consider those as fake outs, because the unavoidable is here, no matter what tactics the FED goes with a recession is the outcome, it'll either be clean cut or messy.