DOW

I lost 2 k in 2 mins....lol...I was short and stop was miles away and then the feds made the announcements and it took my shorts out.....then it went lower than my initial entry....which was painful to watch... I also lost 1k on longs which I took after my shorts were taken out...so double double whammy for me today...very painful....
So now just on the sidelines watching the markets go lower as don’t want to give any more money back today so taking a break for today as lost too much in one day...Will continue tomorrow as it will be a fresh day and emotions will be in check..

How about this for a wild ride....

The Fed effectively promised unlimited support and the market punishingly turns its back.

Jeez it’s been while, Hope u gals n guys are all well and safe in these turbulent times...

As for the Markets, Stay calm, don’t over leverage and be sensible.

I will post a chart later this week for what’s is worth, I like 18156Dow.

Tech is lagging would really like to see below 4646 dailyclose, key us market will all align to confirm the bear. Nas, spx, and Dow

Bottom line as I see it - major 1 at the top, that’s my preferred view anyways, current in m2 bear, with an outside chance of this being cycle top correction , either way line in sand lowest daily close in feb 2016.

All imho.
take care

Ws

I’ve closed my longs on the Dow....
Gone short but may sit on sideline due to witching ....very crazy volatile trading today...

I’ve noticed a bullish pattern on the Dow and even ftse...
The Dow, if it breaks above 20500 it could signal a possible move of 1500 points higher to 22000.....
The pattern is a rounded bottom....it’s clear to see on the hourly...
Ftse 100.... has similar patterns in different time frames as well...rounded bottom on 1 hour and also 5 min....
The main trend is still down so bear that in mind ,also due to corona virus it’s kinda risky going long .
I will be going long as I always watch the markets and will be ready to close my longs in a hurry..
Also bear in mind it’s Friday and I would not be holding positions during the weekends due to corona virus...







Also it’s triple witching day today...loads of shorts contracts will be closing out so may add to bullishness ....

Well, we got back into the 18000s today but with quite a strong rally into the close. Lots of support around the 18000 level which coincides with the 50% Fib:





Whatever you do, be careful.