The Dow got slammed on Wednesday, down 2%, no follow through yesterday.
Despite all the look of this rally being a bounce to sell, notice the uptrend line of support developed, this is the dynamics of markets, morph and twist to shake out weaker hands.
Would not be surprised to see a resumption of this rally to all time highs into June/July, the tariff wobbles are gone for now, any firm close below the trend line changes the trend.
We buy this market now at support in prospect of a larger rally to resume.
Appreciate a thumbs up, Good Trading & God Bless you all!
Despite all the look of this rally being a bounce to sell, notice the uptrend line of support developed, this is the dynamics of markets, morph and twist to shake out weaker hands.
Would not be surprised to see a resumption of this rally to all time highs into June/July, the tariff wobbles are gone for now, any firm close below the trend line changes the trend.
We buy this market now at support in prospect of a larger rally to resume.
Appreciate a thumbs up, Good Trading & God Bless you all!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.