DOW 30: STILL BEARISH?

Currently trading @ 31773

The Dow has been in a bearish trend for 8 weeks now and we still expect it
to continue its bearish trend.
Currently approaching the edge of the descending channel
We expect it to reject a potential break-out and it to continue to the downside.
Long-term we expect Dow to reach August to November 2020 support levels @ 29200
before some short term retracement to the upside in the month of June.

Short term key entries(Bearish)

Sells

Sell limit
@ 32,000

Sell Stop
@ 31,600
@ 31,300

Long term key entries(Bullish)
Note: on 1D & 1W chart Dow 30 is showing signs of turning bullish

Buys

Buy limit
@ 29,300
@ 30,200

Buy Stop
@ 32,700


Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.