Hi, all.
In accordance with my recent posts that the S&P 500 is set to crash, I believe that the Dow Jones Industrial Average (DJI) on the 1D chart will crash similarly soon. The DJI is showing some signs of reversal in its MACD chart as shown above, and for such a slow-moving index as itself, this bearish indication should not be overlooked. Now, in addition to MACD , the index has seemingly hit a long time resistance and looks to be breaking down because of it.
We must expect the potential for a little more bullish action, but within 2 weeks I expect both the Dow Jones and S&P 500 to break down violently. For the time being, I am going to hold my positions in shorting the S&P 500 and DJI. For higher returns, I recommend buying shares in a reverse leveraged ETF like SPXS (for shorting S&P 500 ) or SDOW (for shorting Dow Jones).
Thanks for reading, leave a like if you agree!
In accordance with my recent posts that the S&P 500 is set to crash, I believe that the Dow Jones Industrial Average (DJI) on the 1D chart will crash similarly soon. The DJI is showing some signs of reversal in its MACD chart as shown above, and for such a slow-moving index as itself, this bearish indication should not be overlooked. Now, in addition to MACD , the index has seemingly hit a long time resistance and looks to be breaking down because of it.
We must expect the potential for a little more bullish action, but within 2 weeks I expect both the Dow Jones and S&P 500 to break down violently. For the time being, I am going to hold my positions in shorting the S&P 500 and DJI. For higher returns, I recommend buying shares in a reverse leveraged ETF like SPXS (for shorting S&P 500 ) or SDOW (for shorting Dow Jones).
Thanks for reading, leave a like if you agree!