Can swim a couple 1000 points below?
• Touching the 50 moving average on daily
• Nowhere not near 10 or 20 day on the monthly
• Possibly support on the 100 day moving average on the daily 300 points below
○ My Thought:
Finally this crazy wave is over. Do we crash? Possibly. This is going to be a terrible market. People should really be adjusting their portfolios into possibly bonds and this is going to get ugly and be ugly for a while our honest opinion. Riding the 50 day moving average and you have the first leg of support 700 points below current prices.. I hope you can swim because we are about to take a dive. Monthly chart shows 1000 points below until we touch the 10 day moving average and 50 day moving average will shake your booty's at a mustering 3000 points below. Don't get caught with your pants down
ETF: DIA:
Overall: Bearish
Today: Bearish
• Nowhere not near 10 or 20 day on the monthly
• Possibly support on the 100 day moving average on the daily 300 points below
○ My Thought:
Finally this crazy wave is over. Do we crash? Possibly. This is going to be a terrible market. People should really be adjusting their portfolios into possibly bonds and this is going to get ugly and be ugly for a while our honest opinion. Riding the 50 day moving average and you have the first leg of support 700 points below current prices.. I hope you can swim because we are about to take a dive. Monthly chart shows 1000 points below until we touch the 10 day moving average and 50 day moving average will shake your booty's at a mustering 3000 points below. Don't get caught with your pants down
ETF: DIA:
Overall: Bearish
Today: Bearish