DOW

Hi TF,

Glad you're well man.

On the Dow....

I've had a brief look just now - Death Cross coming? and hardline on the RSI?

(see chart)

Hi all...
Just catching up with the days action...another crazy day i see....

Something very interesting on the technicals took place on the dow today....anyone else noticed??

atb,
trendfriend

Very strange on the Dow futures...it’s been suspended for a few hours now....but suspended on a 5% rise , normally they suspend when it’s down by 5%...
I had a perfect long activate at 21000, ,,,,then got bailed out...doh,,,,Now just watching from side lines as unable to trade the Dow due to suspension....pain...

Well my long went really well...
that's the second stop out...(good job i had a stop tbh)so while i have done quite well during these moves...i'm gonna take a little break...
I don't want to short anymore....because its already come off a lot and will rally back at some point soon...at the very least for a dead cat relief rally.....

anyway back to the charts...
dow - daily...
uk.advfn.com/p.php?pid=chartscreenshotsh...Sjc%2FTQeBfFHP7CU%3D

In all honesty i would draw the trendline like this(just me... wdik)....so we busted that t/line at the open...worst still we gapped below it... maybe that was the momentum trigger for these big moves...

The strength of this p/b seems extreme...i thought we would get to 18,000 for a bottom....this looks like it could far more ...the dax is at 9000 currently!!....

This is just crazy....is this virus really going to be that bad???

Whats even more crazy is with these big moves gold usually rallies...even gold was down today!! maybe just consolidating....but strange none the less...

be lucky folks...
atb, wdik, dyor,
trendfriend

I see The main trendline from 2009 & 38% fib support shown above on the monthly chart are both near where we are, surprised how quickly the down moves have been

38.2% Fib of the entire run up from 2009 low is at 20750. Main uptrend support (if there is such a thing as support at the moment) is at c. 20820 tomorrow. Having said that there's no point trying to be too precise as the volatility is totally nuts.