High risk , well reward trade Is it time to buy the Dow US30 yes for those who are aggressive traders, willing to take high risks but high reward {image} {image}
US30 Dow: If we check the levels for the last uptrend daily then we can see that price did reach 61,8 fib level on 30257, breaking this level then we may head to the next 28405.
Now I expect that price gets some support here and start moving north before resuming the downtrend, the correction could be all the way to 31500 area.
But thats only me, lets see whats the market offer
Now if the Fed hike by 50 then that signal that us market is in general weak and cant take more than 50 hikes, a weak market tells us leas a need for oil and an uncertain dollar and that could lead to lower oil and higher gold.
And If it was 75, that tells that the market is strong enough and can take it, stronger dollar and oil while gold collapse.
Now what about US30, well I believe that if it is 50 then we may see the Dow flying north, 75 some minor move north and if the Fed surprises us with 100 then the Dow is on fire south.
