The DJI has been in bullish mode from 2009 ( courtesy of QE ) . Price has only tested the 50 period MAV on 2 occasions.
There has been subtle monthly highs recorded 3 times since early 2018 , all against a falling price momentum.
This divergence creates doubt as to how much further the market will rise , before a significant correction takes place.
The market is structurally sound , and so a short proposition is not on the cards.
An entry for a long, is a long long way, away from current price action at the 50 period MAV......
There has been subtle monthly highs recorded 3 times since early 2018 , all against a falling price momentum.
This divergence creates doubt as to how much further the market will rise , before a significant correction takes place.
The market is structurally sound , and so a short proposition is not on the cards.
An entry for a long, is a long long way, away from current price action at the 50 period MAV......
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.