DOW

I spent about an hour trying to work out what wave we were in now and decided it was best to give up and leave it for a few days.

...couldn't decide if we're in wave 3 now (with Mar -Sept move being 1) or if this is an anding diagonal...in which case we're in 3 of 5 before a dump?!

Either way it put me off so I decided to leave it for the day and hope a nice drop overnight gave us an island reversal to start the day off tomorrow

Hello everyone....
How are you all today?
Seems very quiet today

dow - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...dKAtzZXaRQe7A6qQVlk=

the news today clearly pulled the rug from under the bulls feet.....totally unexpected.

As things stand looking at the daily chart....huge gap up....28947 (the red line) is the closet support.
Will that level hold??....resistance now become support??

Huge negative rsi divergence currently and that was a very clear and strong rejection just shy of 30,000.
Bit of a dance around situation..as .this rally comes after lower low so wouldn't be a surprise if today's move turns out to be a bull trap...

i think this should go lower....but wdik.

lets see...
atb, wdik, dyor,
trendfriend

you've gotta laugh....

today's market action looked like a ploy to really screw participants over.

my position closed at a loss - and yet, by session's end - I'd be in the money.

Sometimes, it seems like stops are the enemy - but they aren't. it's the dishonest particpants

(no hard feelings to those that pull the levers obviously - you make a deal with the devil, you deserve what you get - back to work, and tomorrow brings another oppertunity!)

Be well and stay safe folks.

There’s a long road ahead still. We will find out on the third week of November then as we wait to see if the vaccine can be approved or not.

Syrian Empire wrote: My pension is being spanked as virtually all in Gold funds so I might be biased - This has all the Hallmark's of sell on News pump and dump - The vaccine is still months away and central governments are still going to need to print money to fund the economic damage already factored in... Still hoping for a Gold inflationary fueled rally into 2021

I agree - initial excitement is overcooked - the vaccine won't have huge impact this winter and the long term damage to businesses will be done in the meantime.