Down, down, and down we continue to go. Where we stop? Nobody knows.
Just looking at the chart of the Dow (INDU) is a horror movie in itself:
What is alarming is the overwhelming volume on the downward movement. Especially on the breaking of 8000. We officially moved out of that trading range.
Zooming out even further shows that we are close to another significant resistance point.
Will we break it. Probably…
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