Technical, Fundamental, Economical and Emotional Analysis of Dow
Current week ending in a drop of more than 1600 points on the Dow. Using a standard lot size and shorting the Dow, that would have been an astounding $160,000 for the week. Luckily we are talking about the US economy; one of the strongest economies in the world.
Friday ended on a good retest as the Dow gained 550 points back up. Again, a good long position with a standard lot size would have given a return of $55,000. Sunday Nov 1 at 4pm when the markets open, there will be a great market jump in the upward direction as the retest has already started.
Another technical indicator is the harmonic patterns that are being created. These patterns are from past performance and predict future movements of the market.
Economic indicators are coming up as Tariffs have been cut off with China. Export and Imports have been reduced and US revenue has decreased due to Covid and businesses being closed. Elections are coming up, every time a president is re elected or a new president is in power, the economy always goes up as it is a good sign for the economy and celebration.
Trading the Dow is not just technicals, fundamentals and economical, but emotional is also involved, The US economy is usually never hyped and stays stagnant throughout unless there is a force that makes it move other wise. We will continue to observe the Dow and see all future potential good trades.
Friday ended on a good retest as the Dow gained 550 points back up. Again, a good long position with a standard lot size would have given a return of $55,000. Sunday Nov 1 at 4pm when the markets open, there will be a great market jump in the upward direction as the retest has already started.
Another technical indicator is the harmonic patterns that are being created. These patterns are from past performance and predict future movements of the market.
Economic indicators are coming up as Tariffs have been cut off with China. Export and Imports have been reduced and US revenue has decreased due to Covid and businesses being closed. Elections are coming up, every time a president is re elected or a new president is in power, the economy always goes up as it is a good sign for the economy and celebration.
Trading the Dow is not just technicals, fundamentals and economical, but emotional is also involved, The US economy is usually never hyped and stays stagnant throughout unless there is a force that makes it move other wise. We will continue to observe the Dow and see all future potential good trades.
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