DOW 25k...Then what?
With the Feds stimilus pumping through the markets veins, is the recent rally legitmate?
before I would feel confident in placing any lengthy long positions we would have to pass a major level. I believe 25,000 on the Dow is the line in the sand. its a major psychological level, with structural S/R and it is right under the 61.8 fibonacci level. if we can break AND hold above 25k I believe this rally can sustain, but the weight of the evidence points to the downside
Is this a dead cat bounce? will the rally sustain? let me know below
Happy trading!
before I would feel confident in placing any lengthy long positions we would have to pass a major level. I believe 25,000 on the Dow is the line in the sand. its a major psychological level, with structural S/R and it is right under the 61.8 fibonacci level. if we can break AND hold above 25k I believe this rally can sustain, but the weight of the evidence points to the downside
Is this a dead cat bounce? will the rally sustain? let me know below
Happy trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.