Get started
utopiafusion

DOW Jones RSI & ATR Short Play

Short
Dow Jones Industrial Average Index (TVC:DJI)  
utopiafusion  
TVC:DJI   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators
0
0
trendanalysis chartpattern indicator
If you look at the DJI historically on a 1 day chart and compare RSI and ATR in previous short plays, the RSI was at the upper range and ATR was near the lower range as shown here.

I've also noticed this trend on the S&P 500 and NASDAQ.

Let me know your thoughts on this or if you have alternative opinions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.