DJIA - Weekly View - Matter of time - Part 2 of 2
Daily view shows DJIA still ready for correction to continue downtrend.
RSI, Fisher Transform, and Filter Dots all confirm price action just began downtrend.
We will either go to First Stop resistance, or continue to main wedge resistance (slightly below).
After this we need to watch for further breakdown possibility, or uptrend to 30,000.
I feel that DJIA 30,000 is a psychological and algo-computer barrier where things will sell.
This chart on the daily view supports that SPY should continue downtrend.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
RSI, Fisher Transform, and Filter Dots all confirm price action just began downtrend.
We will either go to First Stop resistance, or continue to main wedge resistance (slightly below).
After this we need to watch for further breakdown possibility, or uptrend to 30,000.
I feel that DJIA 30,000 is a psychological and algo-computer barrier where things will sell.
This chart on the daily view supports that SPY should continue downtrend.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.