The Dow Jones just crashed -800 points. This time round it has nothing to do with Trump but because the Germany and China data wasn't looking good while Germany is pointing towards a recession, the market reacted strongly to it and started to suffer a major sell down. I don't read the news and I am not sure what's the full story but from the chart, there was strong bearish signals as drawn in supply zone lines and the circled areas of heavy distribution. Market doesn't like the strong distribution lines and hence once it touches there combined with a heavy supply zone, the market got sold down. Shorted 10 contracts chasing the market last evening which was something risky, still just when I thought the market was about to rebound, it tanked lower and lower till it touched a big hole.
Ron K - A Game Changer
