SHORT ON DJ WAITING FOR THE NEW #POTUS
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DJ and all USA index are going to live a high volatility week due to election results uncertainty. But whoever is going to be the new president stocks markets seems ready for a downtrend. Only good news about anti-COVID vaccines and economic recovery could invert the trend.
It is possible to enter with a sell position directly now even if MACD indicator has not grafically confirmed the inversion yet. So it is possible then in the next hours prices will go up for a while before retracing towards a first target at 26200.
DJ and all USA index are going to live a high volatility week due to election results uncertainty. But whoever is going to be the new president stocks markets seems ready for a downtrend. Only good news about anti-COVID vaccines and economic recovery could invert the trend.
It is possible to enter with a sell position directly now even if MACD indicator has not grafically confirmed the inversion yet. So it is possible then in the next hours prices will go up for a while before retracing towards a first target at 26200.
Trade closed: stop reached:
Prices broken 26121. Still not ready for a good retracement. Wait for better days.