Dow Doldrums
Good Morning Dynamic Traders!
I have been asked to conduct an analysis on the Dow, an index I will soon incorporate within my trading basket during successive weeks.
The monthly chart exhibits a clear downtrend since October last year. Last month alone displayed a huge drop in price, while technical analysis promises further weakness.
Below is the daily chart for the Dow 30.
Price is currently oscillating within a triangle, forcing a decisive move in the near future. Because the trend is our friend, discerning Dynamic Traders will only speculate this law if a significant support is breached.
This being the case, we may see price dwindle towards 7500, supported by at least two other study clusters.
With a tolerant attitude, a lucrative trade can be lavished!
Dow Jones daily chart Advanced Get
I have been asked to conduct an analysis on the Dow, an index I will soon incorporate within my trading basket during successive weeks.
The monthly chart exhibits a clear downtrend since October last year. Last month alone displayed a huge drop in price, while technical analysis promises further weakness.
Below is the daily chart for the Dow 30.
Price is currently oscillating within a triangle, forcing a decisive move in the near future. Because the trend is our friend, discerning Dynamic Traders will only speculate this law if a significant support is breached.
This being the case, we may see price dwindle towards 7500, supported by at least two other study clusters.
With a tolerant attitude, a lucrative trade can be lavished!
Dow Jones daily chart Advanced Get
Dynamic Trading!
Saba Jackson
Labels: dow jones
posted by Saba Jackson @ 9:04 AM
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