Going down from 3200 to 2500 - Back at 3200 for the Nov Election

Jun 5, 2020

Buy the rumour, sell the news.
Today we had the news that more jobs were recovered than expected. 3200 is too big of a resistance. Much higher probability of trend going downwards in the short term.

Profit taking time! $$$

Jun 7, 2020

Note

I can't believe the Dow Jones Industrial Average VS Equity Put/Call is so low! People are betting the markets continue going up!
indexindicators.com/charts/djia-vs-put-call-ratio-equity-1d-sma-params-20150607_20200607-x-x-x/

All time high
S&P 500 VS % of S&P 500 Stocks With 14-Day RSI Above 70
indexindicators.com/charts/sp500-vs-sp500-stocks-14d-rsi-above-70-params-20170607_20200607-x-x-x/

Dow Jones Industrial Average VS VIX
indexindicators.com/charts/djia-vs-vix-1d-sma-params-20150607_20200607-x-x-x/

Dow Jones Industrial Average VS DJIA Consecutive Up/Down Days (Close - Prev. Close)
indexindicators.com/charts/djia-vs-djia-up-down-params-6m-x-x-x/

Jun 7, 2020

Note

RSI overbought at 72.48