TradingView
therealbencrypto
Sep 16, 2020 8:53 PM

Dow set up for further correction.  Short

Dow Jones Industrial Average IndexTVC

Description

The market fundamentals are obviously bearish, but we've been living in an upside down universe for the past months. The technicals are providing a perfect storm. TD gave us multiple signals. The 20 day moving average has proven to be resistance. Today's gravestone doji looks ominous. I'm setting up some shorts on the indexes and watching VIX.
Comments
therealbencrypto
Everything is going as anticipated. 26k seems to be a likely stopping point with the 200 day moving average and S/R levels found there.
InkyGrip
Very good technical set up! Thumbsup
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