If VIX chart is right and it is expected to turn around soon, then DJI probably have not much room to move up next week. Corresponding to VIX, DJI chart should show a correction , likely as shown on chart.
NOTE - the green bullish trend line is still intact and so long price action sticks close to it and move along (even crawling at snail pace), then we can likely see VIX going further south below 11 or 10 before we see a correction in DJI. This is also one possibility.
All eyes will be on the G20 summit and any worthy news by President Donald Trump or President Xi over the next few weeks.
NOTE - the green bullish trend line is still intact and so long price action sticks close to it and move along (even crawling at snail pace), then we can likely see VIX going further south below 11 or 10 before we see a correction in DJI. This is also one possibility.
All eyes will be on the G20 summit and any worthy news by President Donald Trump or President Xi over the next few weeks.
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congrats to those who followed. moving along nicely on the bullish trend line. remember to take partial profits or adjust your SL so that if a quick turnaround takes place, your profits remain intact !
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Now what ? Price did goes up a little higher before the correction of 267 points down! To me, this is a great opportunity to buy bit by bit and not take on more than you can chew. Tonight, there might be a rebound or it can goes further south towards the 27321 level where I would be accumulating more.
Please do not follow my strategy if you are not sure what you are doing. I am happy if you make profits but I am sorry I can't share your financial losses. Manage your expectations properly as only Mr Market decides the direction and I am a mere follower.
Use my idea as a reference against yours, if you like it , give it a thumbs up, else leave a comment how I can improve. There are thousands of way to analyse a chart and so many indicators that one can used. Use what you are comfortable with, I can't say which is better. Stick to what you know best and work.
Best of luck !
Please do not follow my strategy if you are not sure what you are doing. I am happy if you make profits but I am sorry I can't share your financial losses. Manage your expectations properly as only Mr Market decides the direction and I am a mere follower.
Use my idea as a reference against yours, if you like it , give it a thumbs up, else leave a comment how I can improve. There are thousands of way to analyse a chart and so many indicators that one can used. Use what you are comfortable with, I can't say which is better. Stick to what you know best and work.
Best of luck !
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we added long when it gap down
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Praise Lord, still going up
