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Market Insights with patterns, indicators, and analysis for indexes, ETF, commodity, currency, global market and correlations.
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- Last Update: 8 July 2020, 19:39
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Categories:Chart Patterns
General Market Commentary
Market Timing
03/11 The worst is yet to come
DJIA is down about -1000 points at this moment that wiped out yesterday%27s rebound effort completely. Looking further to all major index charts that reveal the worst is yet to come.
Not only all nearby support levels are gone, there will be deep drop until next support which is at January 2019 rally level. Potential sharp sell-offs or incremental decline to basement are all possible. It opens the drama for coming bear markets.
DJIA is down about -1000 points at this moment that wiped out yesterday%27s rebound effort completely. Looking further to all major index charts that reveal the worst is yet to come.
Not only all nearby support levels are gone, there will be deep drop until next support which is at January 2019 rally level. Potential sharp sell-offs or incremental decline to basement are all possible. It opens the drama for coming bear markets.
Z42: DJIA vs Interest Rate (1M) Monthly
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