US30 Analysis
Quick Trade idea.
Over the last 3 weeks, we've gotten a move just over 2,600 points straight! And in my opinion, this all is way too good to be true.
Two key levels I'm interested in price potentially reaching, 35,680 & then back to 32,300.
I mentioned these two price points because I believe these areas are key areas of liquidity - also take note on the fact that both these price points have a GAP in structure. It may not be right away, but there's always a point of time price does cover them. So from here, Im looking to sell the markets from the High of 35,500 area - all the way back down to where this bullish move began, possibly even further!
And just looking at the strength of the economy alone, you can tell there's only a certain amount of time before things start crashing down again. Interest rates, Inflation and more will definitely have a impact on where things will go over time. It has been 2 months straight now of no change in interest rates, but the next change in that rate most likely won't be a decrease, and we all know the impact many people, and business will feel from that.
This is just my personal opinion, Trade Safely!
Over the last 3 weeks, we've gotten a move just over 2,600 points straight! And in my opinion, this all is way too good to be true.
Two key levels I'm interested in price potentially reaching, 35,680 & then back to 32,300.
I mentioned these two price points because I believe these areas are key areas of liquidity - also take note on the fact that both these price points have a GAP in structure. It may not be right away, but there's always a point of time price does cover them. So from here, Im looking to sell the markets from the High of 35,500 area - all the way back down to where this bullish move began, possibly even further!
And just looking at the strength of the economy alone, you can tell there's only a certain amount of time before things start crashing down again. Interest rates, Inflation and more will definitely have a impact on where things will go over time. It has been 2 months straight now of no change in interest rates, but the next change in that rate most likely won't be a decrease, and we all know the impact many people, and business will feel from that.
This is just my personal opinion, Trade Safely!
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