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- Market Snipers

Dow Jones Correction With 3 Major Reasons Why:

Weekly Chart:

1. Reversal Candle ✅

2. Lower High ✅

3. Sell Signal on Sharp Shooter Candles ✅

Monthly Chart:

1. MACD Bearish Crossover

2. Macro Lower High

Many big & smaller named stocks have already retraced to the 200 week moving average and went below it.

1. Amazon started closing weekly below

2. Paypal

3. Meta

4. NFLX

5. Target

6. 3M Company

And several more…

Two Strategies: (NOT FINANCIAL ADVICE)

1. Lower risk, talk to your financial advisor about going cash. Going to cash could mean getting into a CD for 10 months to earn 5%+ or a money market account to earn 3-4%

2. Higher risk, buy stock in a bear ETF with leverage similar to SQQQ. Personally I am short the NASDAQ futures with leverage & bought stock in SQQQ.

Remember, talk to your advisor & come up with a game plan. Here is a 21 minute video talking about it. 👇

Dow Jones Weekly Chart

S&P 500 Weekly Chart

NASDAQ Weekly Chart

Russell 2,000 Weekly Chart

Amazon Weekly Chart

DXY Weekly Chart

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Disclaimer

The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational purposes only.

Any suggestions, comments or questions, please feel free to direct message me on twitter @JesseOlson. Thanks for reading!