PipNubian67

US30 Promised Land? New 30,000 target possible Trade Idea

Long
DJCFD:DJI   Dow Jones Industrial Average Index
After a massive month of uncertainty with economic, political and COVID distractions, the fundamentals look good if Trump's plans herald the biggest shift to local manufacturing in modern times and associated stimulus and use of powers to order the transformation.
The markets are waking up to the possibilities with less regulations and more money going directly to the consumers.
If the Main Street stimulus is enacted then the economic engine will be turbo charged and only significant increase in Covid death rates will disrupt the structural gains. With the election coming I expect Trump to play his Trump cards and expect shocking results...
Once market recovers to 26500 then expect 27000 within weeks and slow but steady climb to 30000 by end September when polls are forming.

Entry 26500
Stop Loss 5% if recommendation required
TP1 27000 - JULY/AUG
TP2 27500 - AUG
TP3 30000 - SEPT


Will America lead the world again and free ordinary people from poverty back to prosperity for a generation?
Only Chinese Torture and Dem retrenchment to Globalism in the way!
Easy!

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