DJI is a strong long bull market with underlying strong economy of the US
the chart analysis is as follows
the signal is a High Pole established at K 27 with a target to K21 and support at K22.5
the strong climb is expected because of the intervention and why not intervention is an important market force...........
in bull market such as this one this signal is usually short lived and the down numbers may not achieved
hence this could be a signal to take profit and not establish short positions
and hunt for strong and well performing stocks
be careful supply chain still under pressure of the virus disaster and a rate cut may be helpful
looking for a rate cut before next update
stay safe and best of luck
Nidal Alzubaidi
the chart analysis is as follows
the signal is a High Pole established at K 27 with a target to K21 and support at K22.5
the strong climb is expected because of the intervention and why not intervention is an important market force...........
in bull market such as this one this signal is usually short lived and the down numbers may not achieved
hence this could be a signal to take profit and not establish short positions
and hunt for strong and well performing stocks
be careful supply chain still under pressure of the virus disaster and a rate cut may be helpful
looking for a rate cut before next update
stay safe and best of luck
Nidal Alzubaidi
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