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.

Tuesday, February 6, 2018

Dow Jones - Key Support and Resistance Levels

Dow Jones -  Dow plunges 1175 points yesterday 5 Feb 2018, the largest single day loss in history. While the magnitude of the loss was big and percent loss is  small compared to the nearly 20,000 points gain since the bull run began in 2008. Many investors who missed the rally are already tempted to start buying. Is it time? The secret to a global stock market rebound depends on this chart. Dow at 24345 sits on the 100 days MA. The next support at the 200 days MA  is at 22800, Dow  could rebound from there but it is only a `Dead Cat` bounce. The first key level where a sustainable rebound will take place is at 21600. This is where the 2 major trend channel lines  merged.  The next to key support level are at 20700 and 19400. If a full blown market rout take place, this blog has an Conviction buy level at 17600.


All posts and charts are for educational and illustration purposes only

4 comments:

  1. Hi Robin, what do you think of the recent recovery of the US markets? Is it a chance to sell on strength?

    ReplyDelete

  2. NOW A PROPERTY OWNER WITH THE HELP OF PROSPER LOAN: prosperloanfirm@yahoo.com
    Share this to help a soul right now, Ya'll will agree with me that the rate of online scamming is increasing by the day. I'm also a victim of it as i was scammed about 25,000usd all in the quest of seeking for an home loan. I actually gave up until a government official directed me to PROSPER LOAN FIRM, Despite the fact of my plight i had to give it a try since it was coming from a top government official. All comment ya'all see online are bullshit and crap, I know the pains i went through just because i was looking for a loan i had to keep on selling valuables to keep paying unforeseen fees. I and some great personality have started a movement to end online scam because people are dying everyday, losing their homes, selling their property just because they need a loan. Apart from been a beneficiary of about 295,000usd in PROSPER LOAN FIRM lending scheme ,,, We have also made a research to see that they are the best around the globe as far as online lending is concern, They have proven their self trustworthy and reliable back to back without failing. To end people debt, financial burden and been victimized here is the details of prosper loan firm. Email: prosperloanfirm@yahoo.com OR call +1(816) 366-8769 to put an end to your financial needs now. I'm Heather Patrick from Georgia, United States. It doesn't take you anything to share this great information and good news. Email: prosperloanfirm@yahoo.com OR call +1(816) 366-8769 and celebrate financial outbreak for the rest of your life.

    ReplyDelete
  3. HOW I BECAME A VICTOR AFTER SO MANY FAILED ATTEMPT OF GETTING A LOAN.

    I feel so blessed and fulfilled. I've been reluctant in applying for a loan i heard about online because everything seems too good to be true, but i was convinced & shocked when my friend at my place of work got a loan from Progresive Loan INC. & we both confirmed it and i also went ahead to apply, today am a proud owner of my company and making money for my family and a happy mom. Well i'm Annie Joe by name from Pauls Valley, Oklahoma. As a single mom with three kids it was hard to get a job that could take care of me and my kids and I had so much bills to pay and to make it worst I had bad credit so i couldn't obtain a loan from any bank. I had an ideal to start a business as an hair stylist but had no capital to start, Tried all type of banks but didn't work out until I was referred by my co-worker to a godsent lender advertising to give a loan at 2% interest rate. I sent them a mail using their official email address (progresiveloan@yahoo.com) and I got a reply immediately and my loan was approved, and I was directed to the Bank site where I withdrawed my loan directly to my account. To cut the story short am proud of my hair stylist company and promise to testify to the world how my life was transformed.. If you are in need of any kind of loan, i advise you contact Progresive Loan INC and be financially lifted Email: progresiveloan@yahoo.com OR Call/Text +1(603) 786-7565



    ReplyDelete
  4. God Bless Edward Jones Loans for Helping Me In Time Of Need {Jonesloanfinance@yahoo.com}

    Good Day I am Vanessa Cowen from California and i have a broken up business, until i found this company who help me to gain a loan for business, and now i want to used this short medium to congratulate the company for the fast and safe funds they loan to me without any form of delay, i loan 180,000.00USD from the company at a very low interest rate of 2% to save my business and lots more. i first saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my funds was sent to my account within 24hrs, i was surprise and feel glad, now i now have a standard business control agent who help me, now i will advice those who need urgent loan to contact them now via email : {jonesloanfinance@yahoo.com} OR Text him +1(307) 217-5388....

    ,,,..

    ReplyDelete