Dow Jones Short to Mid-Term Bearish; Long-Term Bullish
The Dow continues to trend sideways with strong support along the 100 day simple moving average. If it can’t make new highs, I believe we will see the Dow drop below the 100 day SMA and perhaps test the 200 day SMA. I don’t believe we will experience a huge drop, but it’s not impossible.
Ultimately, I believe the Dow will continue to trend sideways for a while before resuming upward. I am short to mid-term bearish, but long-term bullish on the Dow.
Good luck trading,
Eddy Yang
Ultimately, I believe the Dow will continue to trend sideways for a while before resuming upward. I am short to mid-term bearish, but long-term bullish on the Dow.
Good luck trading,
Eddy Yang
Note
Video Analysis: youtube.com/watch?v=No1-xhA9itc
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.