Beware of Down Trend YM/MYM This Week

Dec 14, 2020Appearing like we are hitting down trend on Dow futures. My targets are as follows:

Monday (12-14-20): 29830
Tuesday (12-15-20): 29770
Wednesday (12-16-20): 29718
Thursday (12-17-20): 29670
Friday (12-18-20): 29646

This down to sidewards trend is likely the scenario across markets for at least the near foreseeable future IMO.

Prepare accordingly : )

Dec 14, 2020

Comment

wow went even lower than expected, we will see if there is any kind of bounce

Dec 15, 2020

Comment

so far looking pretty spot on, new estimates are as follows; adjust due to OPEX this week

Tuesday 29801
Wednesday 29777
Thursday 29767
Friday 29766