Are you ready for a profitability week or shall I say a profitability day on tomorrow?
We are betting on a big move on tomorrow for Presidential election.
Dow Jones Industrial Average (DJI)
We have spotted a good risk reward setup offered this morning after FBI tells Congress it has not changed conclusion on Clinton emails and DJI gap up to 18101 and currently hovering around this area (18100-18130). According to our setup, it has just triggered the Sell Signal at this price and we are expecting the market sentiment to bring down the global market for a short term market correction.
Remember, huge profit can be made during the major event like Brexit and I believe Presidential Election could bring us some good profit as well.
Immediate intraday support @ 18050 and we are looking to add short position once this level is broken.
Our target for these Short positions is @ 17395.
Entry Price 1: 18120
Entry Price 2: 18050
Stop Loss 1: 18420 (300 points)
Stop Loss 2: 18350 (300 points)
Profit Target 1: 17395 (725 points)
Profit Target 2: 17200 (850 points)
Risk : Reward : 1:2.4