bottleofevian

Two potential moves on Dow

OANDA:US30USD   US Wall St 30
Ok the initial obvious move is a retrace to the 61.8.

Then though there is still that gap shown between the yellow lines. That should fill before any more downside.

Over the next week or two though I am saying that the markets will move down as people de-risk in anticipation of the Midterm elections. When they are done and there is a strong Republican win, confidence will return and the markets will commence their Christmas rally.
Trade closed: target reached
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