The dow jones index, will history repeat itself?

DJI / 1D

Hello traders, welcome back to another market breakdown.

The Dow Jones Index (US30) has been making lower lows, lower highs this year. The price is trend around the trend line now which might suggests a strong sell off in November 10 as the CPI numbers will come out.

I'll be looking for a short position in lower time frame, the risk and reward is good considering the macro right now as the Fed has clearly showen us that they are not slowing down until core inflation comes down.

Checkout the chart for where I'll be looking to short.

Trade sade,
Trader Leo.

Kommentar:

The setup didn't follow the time line, so no trade here. The sell off should be at the CPI numbers