Dow Jones Retreating To Bottom Of Range Looking For Support 38K
I see the start of a down move over the course of the next 6-8 weeks to drift down to the bottom of the range in order to achieve a couple of objectives.
1. Fill the Gap from January 19th
2. Hit all the stops from Longs along the way
3. Hit the 1X range expansion of the High/Low from Feb 23rd- Mar 5th
I am bullish over the next decade but right now it looks like a 4% decline is necessary for the consolidation before we start heading higher into the 40,000s
It will give the monthly 21ema a chance to catch up and the bottom low will be a bounce off the monthly 21ema
My ultimate price target is 115,000 in 2035
1. Fill the Gap from January 19th
2. Hit all the stops from Longs along the way
3. Hit the 1X range expansion of the High/Low from Feb 23rd- Mar 5th
I am bullish over the next decade but right now it looks like a 4% decline is necessary for the consolidation before we start heading higher into the 40,000s
It will give the monthly 21ema a chance to catch up and the bottom low will be a bounce off the monthly 21ema
My ultimate price target is 115,000 in 2035
บันทึก
Looking at it more closely, I can see it pulling back to the 50% area from the NOV bottom into the monthly 21ema before the bounce higher up into 42,000That would take it to about Juneish..
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