DowJones30 - dead cat bounce finished - sell on 1W E-MINI DOW ($5) FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CBOT_MINI:YM1! DK_Investment_Consulting Dear traders and followers, the DowJones made a strong up rally after huge down movements in February and March. In our opinion this current up movement is a dead cat bounce because there is no realistic and healthy reason for this strong up movement (Billions of dollar printed by the FED is not a healthy up movement reason, and only reason for huge inflation of Money / USD). Price reached first strong long term resistance at 26300-26350 points (50 day moving average on weekly and 200 day moving average on daily chart ). A short squeeze to 27000 points is still possible but there is not a high chance. Almost all industries in the American economy are severely affected by the corona pandemic and its consequences. Unemployment rate is rising above 40 million and the economy is experiencing the biggest slump since 1929 but prices continue to rise. For us this is a sign of an even greater coming downward movement than the first. There is a possibility that this downward movement will continue until the end of 2021. We expect the price to be 15000 points by April 2021. All further movements need to be analysed in the middle of 2021. Feel free to join our free Telegram/ Twitter channel Feel free to leave a comment, to share your idea in the comments section or to give us a like as support Best time for order entry and other useful content will be published in our Telegram VIP group.