Full TradingView Post: https://www.tradingview.com/chart/DJI/xbJojAJj-Dow-Jones-Update-Market-Structure-Broken/
What's up guys. I've gone over this a few times already, but I think we are approaching a key point in the market.
First of all, do not take any information in this post as financial advice. This is for educational purposes only and is meant to give you a perspective on how I navigate the market.
Okay, now that we have the disclaimers out of the way...
The Dow Jones broke key market structure last month on the weekly chart.
We saw a break below key support of 23,000 then a break below the 100 week moving average then the 200 week moving average. It closed 2 week below the 200.
This is a key signal for me to get out of the market IMO .
You might be wondering why the Dow Jones should be important to you if you aren't an index investor. I've said this many times to many people. Stocks that trend up together, trend down together. If you had a stock that greatly outperformed the general market indeces, it is not out of the picture for this stock to outperform to the DOWNSIDE as it trends with the market.
If you enjoy this content, please check out my website AssetGuild.com/landing-page
God bless and have an amazing week, my friends!
▶️ DTube
▶️ IPFS