DOW APPROACHING ALL TIME HIGH BUY THE DIP?
Hey Traders so today was looking at the DOW and it is showing strong uptrend as Stock Indices normally move in tandem.
So now that the Nasdaq and S&P500 have broken all time high I believe it only makes sense for the DOW to do so also. However seems to be lagging behind for the moment.
So therefore I think it's a good buy the dip if market can pullback to the buy zone of 44,000 maybe a stop of 43,000.
If bearish however I would wait for strong reversal below trendline at 43,000 before consider selling into rally.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford
So now that the Nasdaq and S&P500 have broken all time high I believe it only makes sense for the DOW to do so also. However seems to be lagging behind for the moment.
So therefore I think it's a good buy the dip if market can pullback to the buy zone of 44,000 maybe a stop of 43,000.
If bearish however I would wait for strong reversal below trendline at 43,000 before consider selling into rally.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.