middleearth1010

The recent drop in the Dow Jones, and global markets.

Long
DJ:DJI   Dow Jones Industrial Average
2-8-2018 Support on 200-MA on 1 Day. Due to the massive bull run, we are seeing a correction for the first time in years. This is "normal" Volatility will remain high, and should stabilize in the next week or so, and a gradual continuation up should take place and stabilize halfway between the high and corrected low. As expected bonds jumped up to extremely high levels, and are overbought imo. FX, dollar index and Commodities do not indicate or support a "recession" or "market crash" or "crisis" as of now. (That doesn't mean it could go that way in the future, its just very unlikely in the short and medium term) If we breach 200 MA then its possible it could go down further, and possibly enter bear market, and Analysis would need to be revisited.
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