DOW JONES may be entering a wide 4 month consolidation phase
Dow Jones / US30 reached the top of the historic Channel Up that started 2 years ago on October 3rd.
Technically that calls for a strong short. Last time that happened in April 1st, the index turned sideways on a wide consolidation.
The other 2 Higher High rejections caused Channel Down corrections.
Technically the time to rebound again will be closer to the 1week MA50 but that can be in December.
Until then, buy low and sell high within 42250 and 43350.
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Technically that calls for a strong short. Last time that happened in April 1st, the index turned sideways on a wide consolidation.
The other 2 Higher High rejections caused Channel Down corrections.
Technically the time to rebound again will be closer to the 1week MA50 but that can be in December.
Until then, buy low and sell high within 42250 and 43350.
Follow us, like the idea and leave a comment below!!
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