DJI / DOW JONES / us30 -- long term short emerging -- multi-week
another cycle of "sell in May and go away" with Sept / Oct being the worst of the returns that make this axiom a solid and trustworthy one. Ichimoku Cloud and RSI divergences support this idea too.
Risk seems to be peaking, and Risk/Reward is now well within acceptable ranges with SL1, SL2, and SL3 positioned wisely.
Going into the autumn seasons when traders return, recession calls growing ever louder, trade / tariff tensions rising, war hawks calling more strongly when global growth is waning... this is a cocktail for 25% to 40% equity corrections.
SL1 = 26500
SL2 = 27100
SL3 = 27600
TP1 = 24700
TP2 = 21900
TP3 = 20600
Risk seems to be peaking, and Risk/Reward is now well within acceptable ranges with SL1, SL2, and SL3 positioned wisely.
Going into the autumn seasons when traders return, recession calls growing ever louder, trade / tariff tensions rising, war hawks calling more strongly when global growth is waning... this is a cocktail for 25% to 40% equity corrections.
SL1 = 26500
SL2 = 27100
SL3 = 27600
TP1 = 24700
TP2 = 21900
TP3 = 20600
Trade attivo:
Going well. approaching TP1.
Trade attivo:
Wave 3 of 3 of 3... this is where selling accelerates and everyone cashes out and the short sellers all jump in. Trump responds to Xi new tariffs on USA. Into the autumn months we go! And traders come back to their desks soon.
Bearish divergence on RSI on weekly
Moving Average perspective is negative.
Bearish divergence on RSI on weekly
Moving Average perspective is negative.