| For today (05 July, 2022), this technical analysis applies ONLY IF AND WHEN Dow Jones crosses up 30650 after the market open. It can also apply for swing traders that would like to consider a Long, but only if and after Dow Jones futures (YM) closes a 4 hour candle above 30650 Credit Suisse slashed its end of year target for the S&P, which expedited selling today We wait for Dow Jones to cross up 30650, and it it will do so, we then offer to consider a contrarian bet that offers a low probability to win, but compensates with a high reward vs risk ratio, as presented in the technical analysis video below Entry price for the Dow Jones Futures: 30650 Stop Loss: 1% below the entry price Two take profit targets, averaging a reward vs risk ratio of almost 5.5 to 1, where the risk is 1%. This is a fantastic trade if and when it plays out Always trade the Dow Jones Index or futures at your own risk only. Get more updates and information for Today's Dow Jones at https://www.forexlive.com/technical-analysis/dow-jones-today-20220705/ |
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