DOW

The dow just hit the 61.8 fib level from recent move higher...

So here is my view.

The recent low was not taken out - and there seems to be a lot of push to avoid that. So basically a failed move down which could be very bullish .

I have taken a long position on Friday just in case

I have got 32500 as the next junction where its going up or down...support, now resistance.

My view is that if this is taken out by volume, that would null the down move.

Anyone has another view?

So, yes this is definitely possible. The recent bullish move was stopped which means a failed move - normally it can come down fast. Last week was a damn bad looking bearish weekly candle.
28000 very possible- let’s put it this way, no way I am going long .

It’s mucked up my long term sipps stocks I topped up in Aug last year (exactly 6 months ago), but I don’t want to sell buy sell buy these long term things.

dow - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...9nsG8mR1VS8BmtcxLLM=

target 28,000 i think imho.

Looks like the fear is here!

stay safe folks and wait for the dust to settle.
warning signs were in the charts...how far will we fall is the question??

will be some bargains coming up imho..

atb, wdik,dyor
Trendfriend