Last week i made a post talking about how us30 is forming some bullish patterns.... as of today it is about to hit our target (50 points away)!
here is the post:
i do think that after we hit our target we will come down 3k points!
why do i think us30 will fall 3k?
-i have multiple charts showing that we could possibly fall 3k points
-using fib tools i can determine that a 3k drop is very possible
-the fed could come out with bad news about the economy/interest rates
- my TA on the vix shows that we could see a spike in volatility (volatility could push markets down)
-bearish patterns: on this chart you can see a rising wedge (bearish)
-Bollinger bands: currently we are above our top Bollinger band(resistance) this means that price is over extended and we could come down
here are your selling points/targets:
a good selling point would be at 33,971
your first target/ second selling point would be at 33,839
your second target/ third selling point is at 33,613
your third target/ forth selling point is at 33,399
your forth target/ fifth selling point is at 33,111
your fifth target/ sixth selling point is at 32,811
your sixth target/ seventh selling point is at 32,130
your seventh target/ eighth selling point is at 31,785
and your final target is at 30,957
after we hit all of these targets i do think that we hill make our way up to 36k! i will make another post once we hit all of our targets
(TAKE TRADE AT YOUR OWN RISK)
here is the post:
i do think that after we hit our target we will come down 3k points!
why do i think us30 will fall 3k?
-i have multiple charts showing that we could possibly fall 3k points
-using fib tools i can determine that a 3k drop is very possible
-the fed could come out with bad news about the economy/interest rates
- my TA on the vix shows that we could see a spike in volatility (volatility could push markets down)
-bearish patterns: on this chart you can see a rising wedge (bearish)
-Bollinger bands: currently we are above our top Bollinger band(resistance) this means that price is over extended and we could come down
here are your selling points/targets:
a good selling point would be at 33,971
your first target/ second selling point would be at 33,839
your second target/ third selling point is at 33,613
your third target/ forth selling point is at 33,399
your forth target/ fifth selling point is at 33,111
your fifth target/ sixth selling point is at 32,811
your sixth target/ seventh selling point is at 32,130
your seventh target/ eighth selling point is at 31,785
and your final target is at 30,957
after we hit all of these targets i do think that we hill make our way up to 36k! i will make another post once we hit all of our targets
(TAKE TRADE AT YOUR OWN RISK)