DOW

Hi remo,

What's your take on Dow Jones? Would you see further falls? or was Friday a knee jerk reaction?
I believe it should hold 45071 or it could go further down, currently at 45258, after the fall on Friday.
Thanks G

currently the markets are just going sideways.... I have not been following waves for a long while.

Are we potentially seeing a wave 3 coming?
@remo?

Thanks

HI Trendfriend. I was indeed asking the same question in the weekend. So a couple of things:

1. There was a lower low in the charts recently - as we have picked up
2. Tariffs seems to have spooked and a lot of big players are liquidating

I am looking for short oppportunities now at the bounces. Just my thought for now.

Any other views are appreciated.

Anyone think we could see a long term bear market now???!!!
Or just a good correction then up and away again?!

Yes, that was a mid term trendline...there's another longer term trendline and i make that to be around 38,500 will need to check again if we get to those numbers but seeing todays drop does look likely now!!!
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...B6A1Ox+WtliMXeBpx98=

You can see when the main trendline was busted during covid what kind of drop it can trigger offf...so all eyes there imvho.

Worth a long around that area but with very tight stops off course!
Wish i shorted this move down now!!
Way to dangerous tho....big moves in all directions until yesterday.

atb, wdik, dyor,
trendfriend