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Disclaimer: For education/entertainment purpose only. Invest at your own Risk
Dow Jones Index:
On Friday, the Dow closed at 12,194 which is 27 points lower than the previous close of 12,221
Note that the trend has changed as the index has gone below the upwards trending channel.
Please try to take profits and offload part of your long positions.
Currently, the market is trendless...neither bullish nor bearish..
The next support level is slightly below 12000 as shown in the chart.
If the index goes below the support level, the trend is supposed to have fully changed to bearish.
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No new picks today.
Just monitor your current positions and take partial profits.
If you look at the weekly charts, it does not look so bad at all..Just a healthy reaction to a long term upward trend.
Dow Jones Index (Daily) :
Dow Jones Index (Weekly) :
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