So to begin I don't trade stocks, I trade cryptos exclusively. One of the indicators I use is the stock indexes of the major markets just to get an idea for what the larger market at whole is thinking and looking at the US30USD chart today I noticed something that is spectacular. The DJI is making what looks like the exact same move bitcoin made it's late October-January rise and then massive correction. I couldn't go into the how or why I will just say look at both charts - the indicators, and come to your own conclusion.
What you're seeing - the chart on the left from mid-October to the beginning of January, and on the right US30USD both on a 6-hour candle setting to maximize the effect.
My thoughts? I would see if it hits 26k and I would short the index. But like I said I'm a crypto trader and I won't initiate this as a trade.
What you're seeing - the chart on the left from mid-October to the beginning of January, and on the right US30USD both on a 6-hour candle setting to maximize the effect.
My thoughts? I would see if it hits 26k and I would short the index. But like I said I'm a crypto trader and I won't initiate this as a trade.