DowJones turns to sell mode by dropping itself below the cloud support 11398 in the last hour of trade. And currently 11398 holds the cloud resistance zone. Markets have responded negatively to the FED’s “Operation twist”. Dow Jones had lost nearly 285pts i.e 2.49% in todays trade.
Rajandran R Follow
Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Dow Jones drops 285 points and turned to sell mode
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