Stay Up to Date with Robin's Market Updates

From 1 June 2018, live market updates from Robin will only be sent to subscribers via email.

To continue to receive the latest updates, please subscribe.

Monday, August 21, 2017

Dow - Summer Correction Could Have Just Started!

Although Dow is sitting on its 50 Days MA, the deceleration in Price/Momentum , prices reaching the upper trend channel price target and breaching its 1 year uptrend channel are ominous signs that the summer correction is on its way. Dow has initial support  between 21430 to 21520. If 21430 is breached, it could head south towards 30980 and 20780. This blog is bearish on Dow!

All posts and charts are for educational and illustration purposes only

No comments:

Post a Comment