US30/USD (DOW JONES) LONG SET UP AFTER MARKET DROPS 1,000 POINTS

US30 BUY SIGNAL BUY LIMIT
Time Frame : H4 Entry
ENTRY Price : $27948 & Entry price 2: $28148
Stop Loss $28670
TP 1: $28448 & TP 2: $28748
TP.3 $29048 & TP.4 $29348
TP.5 $29648
The Dow Jones Industrial Average trimmed its loss in afternoon trading after plunging more than 1,000 points as coronavirus pandemic fears intensified.

But it was still down more than 800 points heading into the last hour of the regular session. The Nasdaq dived 3%, the Dow Jones industrials sank 2.9% and the S&P 500 shed 2.7% in the stock market today. Small caps tracked by the Russell 2000 tumbled 2.8%.

Volume was sharply higher on both major exchanges vs. the same time Friday. The Dow is now underwater for the year, down 2%, while the S&P 500 held a 1% gain. Both indexes fell below their 50-day moving average lines. The Nasdaq, up 3% year to date, is testing support.

The coronavirus continued to spread outside of China, as cases ramped up in South Korea, Iran and Italy. That rattled stock markets around the globe.