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Update on Dow Jones: expect correction lower
Dow Jones Industrial Average Index
Short
Update on Dow Jones: expect correction lower
By xtrader1
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Feb 13, 2017
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Feb 13, 2017
This is an update on this earlier forecast from 28-01-2017:
We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted.
See snapshot below:
It looks like the Dow Jones is topping.
Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness.
The previous analysis is still valid: Expect a notable correction in the days ahead. First target is 19275.
Breadth Indicators
djia
DOW Industrials (DOWI)
dowindustrialaverage
dowjones
dowjonesanalysis
dowjonesshort
Moving Averages
xtrader1
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Sultan of Swing
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