DOW

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

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

the dow is battling on the 22020 lines...