Quick view on DOW Index

1 Şub 2020

Hello my Friends, Traders amd Interested,

my last TA to DAX worked very well and I got a lot of very nice and positive reactions from you out there. THNX....

And I got a lot of questions, what will the markets do now.

I dont know, just can take a view on the charts, Indicators and the worldwide news. So I think, we will see a small pullback to the red upper line of the channel we broke to the downside on friday.
The last 2 hr-candle from yesterday is not an bullish engulfing, so we can expect more downside, after the pullback. Maybe we will not see a pullback, or just a very small one. So be careful and follow the news very accurate and realistic this weekend.

The development of Corona Virus is very sensitive and might impact the whole world economy very hard.

The markets bigger picture you can see in my other TA from 17th, January. ( monthly TA to DOW )

I will update my TA frequently. A TA to the DAx will follow later.

So my Friends outside, trade safe and on your own risk. As always, this TA ist just educational.

Have a nice weekend

Sascha

5 Şub 2020

Not

Hey my Friends,

uhh, FED, Chinese central bank and Tesla bullshit kicked my TA.

So, I am out doing TA, until this government market pumping will stop . I have still big short positions, very red actually, but that does not make me nervous. The markets will crash. See the Baltic Index ( ship cargo Index) down to never seen lows. This Index was a perfect indicator in the past, to sign crashes.

All the best to ya all outside,

Sascha