Dow futures - heading for further correction

Dow Futures have broken below the distributive uptrend channel and confirms the double top formation. Long-term MACD is bearish while mid-term stochastic has shown an oversold crossover. 23-period ROC is below the zero line and Ichimoku has shown first sign of bearish signal. Support is at 37,600

Not

Rebounded at key support of 37,600. However, please be cautious on riding the rebound. Consider taking some profit first

Not

Likelihood of a strong upside targeting 39,874

Not

Broke beyond the 40K region. Potential expanding flat forming. Volume is low, so the ATH may falter.

William-trading

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

William-trading