03/23
DJIA 18000 came to defend or rescue dying markets. If bad news cannot knock it down further after about -38% drop, then rebound may come tomorrow or soon. It is time to take profits on short/put and open some long/call positions. However, this rebound wave may last 1-2 weeks until first resistance 21777. It is very unlikely to get back 25363, second level. Technology (cloud, network), online entertainment, and online service are among potential leaders.
DJIA 18000 came to defend or rescue dying markets. If bad news cannot knock it down further after about -38% drop, then rebound may come tomorrow or soon. It is time to take profits on short/put and open some long/call positions. However, this rebound wave may last 1-2 weeks until first resistance 21777. It is very unlikely to get back 25363, second level. Technology (cloud, network), online entertainment, and online service are among potential leaders.