DOW

TF, There is a high chance that DOW may (MAY) go down....
and some people are even saying oil could go to 10$....
I am not sure where we are heading... if I knew I would have invested last week and would been out earlier this week....

Lets wait and see, hope people like us and common man survives this times and come back as a stronger human.... stay safe... ta G

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...BhN6+0UVHHqlWThxDPc=

can see 2 similar moves on the dow....highlighted in the 2 boxes...

This current big move down then rally....almost identical to what happened back in late Feb/Early March.
Was calling this market down then as well...not many thought it would go down so much....

I still very much think one more big down move to come....ending around the 10.000 area imho....
If it doesn't happen i will eat my socks!!
ok i won't actually eat my socks....but i'm confident this will go down from here...
While the first and second moves were quick....i think the next move will be slower....maybe with more rallies...it could take weeks....maybe months to get to the target of 10k....and will be harder to trade...

Can anyone give me any good reasons to be bullish on these market atm??
3 million people unemployed in 1 week!

things are so bad the Mexicans are stopping the Americans coming in!
www.bbc.co.uk/news/world-us-canada-52053656

atb, wdik, dyor,
trendfriend

Steep downtrend line at 22760 tomorrow. Might need an 800+ pt stop to cover the gap if shorting.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...wuLzkB9fyQ1MCooyquQ=

as we come into the close....watch 22625 area.....if this is still in a bear mode....the rally should stall around that area imho....

atb
trendfriend

Ronmould wrote: Apologies for talking non-technicals but how can 3m unemployed in a week cause a rally? Were they expecting worse?!

Market and White house consensus was around 4million I believe?

I think the Fiscal and Monetary packages coming in will look to provide support to the afflicted; although helicopter money isn't going to replace a job (regular income et al). The idea is GDP next Quarter won't be as devastating.

The battle lines for 22020 range on the Dow, and 5755 on the FTSE are drawn; all the same, I think I'll take a break from scalps, for now.

Looks like the Fed is pumping this...
As you guys say... the news is all still bad.... :

They really want to hold this up....
How long will they be able to pump this??

Watch the numbers I posted yesterday....I think they should hold....let’s see..

Atb,
Trendfriend