➡️ This time, a trading idea is published for two instruments at once. Moreover, the correlation between the S&P500 and Dow Jones indices is ~ 98%. SELL-deals are assumed. Approximate Entry Price areas for reviewing a sell trades are marked on the chart. In both cases, most likely, the movements will be within the downtrend channel .
Fundamentally, such a decline today is facilitated by a new threat from the coronavirus. The IT sector is strongly aware of this threat, and the IT sector is a significant part of the indices. In addition, risks about inflation are causing concern among many Central Banks. Against this background, the US dollar may now sink a little.
But, the market crash is not expected anytime soon. Targets for these trading deals are in front of you, and focus on Targets № 1. Targets № 2 are secondary. After the price reaches Targets № 1 (if it happens), then the best way would be partial profit taking and move the deal to breakeven.
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