US30 / DOW JONES - BEAR TRAP!
On a technical basis, we believe this short term bull rally is a massive bear trap. Price has reached key level 24000 resistance. This area has acted as major support on the daily/weekly/monthly time frames.
Feds are pumping money into the markets causing strong optimism, but will this cure this down fall?
If we have major negative catalyst, we can expect price to break below our trend line to bring price to the down side to 21000
Feds are pumping money into the markets causing strong optimism, but will this cure this down fall?
If we have major negative catalyst, we can expect price to break below our trend line to bring price to the down side to 21000
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