I have broken down a very energetic area of us30. This specific index loves to move in whole numbers. We can see a completion from a quarter level analysis I did a few days ago. However I did not brake it down to the pipette. This time I took the time to break it down in depth. The psychology behind this analysis is very simple. Smart money has played out nicely arranging two sets of double tops, if any of you are familiar with the renko candle (measuring pure volume of orders). We can see a very clear triple top. The Dow Jones sentiment is very bearish, meaning smart money is giving you the dumb money, setting your buy stops to be taken out buying back your position. We are likely to see reaching a bit lower prior to the annualized change in the inflation-adjusted value of all goods and services produced by the economy, which should give us a nice bullish reaction. PLEASE REMEMBER MY ANALYSIS TAKE A FEW DAYS TO REACH THEIR TARGET.
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