Dow Jones Industrial Average Risks Strong Drop!

TVC:DJI   Dow Jones Industrial Average Index
We can see the Dow Jones Index (DJI) trading below EMA50 on the weekly.

We have a chart that shows the exact path that we believe the DJI will take and it is playing out perfectly:
We know that this index and the SPX move quite similar. And with the SPX now being super bearish , the DJI might follow.

Support for the DJI is sitting at 25220, if this level breaks, expect for it to move much lower. If this level instead holds, expect a bounce before we can analyze the next move.

Overall, the indicators are bearish and the chart structure as well.

After hitting a new all-time high, it is normal for the price to retrace.

Feeling the market: Strong crash ahead.

This information is not intended for trades.

Thanks a lot for reading.


πŸ”Charts & Free PREMIUM Trades On Telegram

πŸ”₯ 4 PREMIUM Telegram channels
πŸ“© Email me to join now!
🌟Binance Calls (BC)
πŸŸ₯Trading Crypto (TC)
πŸ”ΉLeveraged Trades (LT)
🟒Trade Stable (TS)

Related Ideas