US30 facing 2000 Points Down
Hello traders
As Trump won the ellections, the market rallied very strong, this rally was followed by a profit taken, after that we got into an Earning Season and the Index did rally again, making new ATH ALl time high at 45K and here we are.
The #VIX index did break below 14, and theoratically can falla to 12, but this has been rare lately, when the VIX reaches 14 we are in greed, and below 14 we get into Extreme greed.
What does Extreme greed mean?
It means the stocks are really expensive and Investors most likely will sell massively to gain profit, so warning we are heading to market correction.
The Support and resistances are shown on the drawing, and very clear well set where to sell, and place your SL, and where to buy and place your stop loss.
Best luck.
As Trump won the ellections, the market rallied very strong, this rally was followed by a profit taken, after that we got into an Earning Season and the Index did rally again, making new ATH ALl time high at 45K and here we are.
The #VIX index did break below 14, and theoratically can falla to 12, but this has been rare lately, when the VIX reaches 14 we are in greed, and below 14 we get into Extreme greed.
What does Extreme greed mean?
It means the stocks are really expensive and Investors most likely will sell massively to gain profit, so warning we are heading to market correction.
The Support and resistances are shown on the drawing, and very clear well set where to sell, and place your SL, and where to buy and place your stop loss.
Best luck.
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