safe short on dow jones/state of the economy.

im seeing this exact chart on a lot of major stocks right now (will publish a few more, blackrock included.)

i know this isnt that massive of a target to call, but if this level breaches we lose the support between the covid selloff and most recent downward momentum, which means we will likely see a lot of panic selling across the stock market. dow is more of an indicator of overall health, if it crashes it means things are bad.

Commentaire:

looks like we are taking our step down to the trendline finally, monday is gonna be a fast day.