Might not want to go long when things are this overbought
In this video I've shown how extended the Dow Industrials as well as Dow Transports are. This type of overbought setup has consistently marked tops in the past so I am currently bearish and waiting for a correction to play out over the next 4 weeks.
I am expecting an approx. 10% drop in the markets before going long
I am expecting an approx. 10% drop in the markets before going long
