Going down from 3200 to 2500 - Back at 3200 for the Nov Election

Buy the rumour, sell the news.
Today we had the news that more jobs were recovered than expected. 3200 is too big of a resistance. Much higher probability of trend going downwards in the short term.

Profit taking time! $$$

Kommentar:

I can't believe the Dow Jones Industrial Average VS Equity Put/Call is so low! People are betting the markets continue going up!
www.indexindicators....0607_20200607-x-x-x/

All time high
S&P 500 VS % of S&P 500 Stocks With 14-Day RSI Above 70
www.indexindicators....0607_20200607-x-x-x/

Dow Jones Industrial Average VS VIX
www.indexindicators....0607_20200607-x-x-x/

Dow Jones Industrial Average VS DJIA Consecutive Up/Down Days (Close - Prev. Close)
www.indexindicators....own-params-6m-x-x-x/

Kommentar:

RSI overbought at 72.48