Dow Jones Index All-Time-High and Bear Flag?

12 dic 2020

Hello, Traders!
DJI has established an all-time-high
Amidst a pandemic and the worst economic downturn since the Great Depression
However, "Something is rotten in the state of Denmark"
And this something might me manifesting itself in a bear flag
That the Index is now trading in
A bear flag, as the name suggest, implies that the move Down is coming
Which is consistent with the incompatibility of the ATH with the underlying economic conditions
Therefore, I expect a breakout, and a correction on the DJI
Sell!
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