Wednesday, July 31, 2019

Dow may crash after FOMC ( 2 am tonight SGT ) & second chance to short DBS

After a hectic day with shorting DBS at open and waiting for the big crash yet to come , there is not much to do besides looking at the Dow , abbrev for Dow Jones Industrial Index

The Dow is going to suffer a nasty fall, when the FOMC ( US Federal Reserve )  announces their interest rate cut at 2 am ( SG time ) tonite. Expecting a hawkish outlook from Fed Chairman and a resumption of tradewar tweets from Trump after this rate cut.  So enjoy the fireworks tonight  .



Just one more thing , after the impending Dow crash tonight , for encore, one can do well to buy DBS when it opens gap down tomorrow morning for a quick morning bounce to supply zone , say 26.80 to sell or short if you have forgotten to short the previous round as per last post just before earnings.

We are poised for another big fall from there to June lows as per last post on DBS peaking
:
https://finchartsniper.blogspot.com/2019/07/dbs-earnings-next-week-what-to-do.html












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