DOW
can go down hard
Note
Let`s see if 17299 can provide supportNote
Look for July gap to be filedTrade active
We have elected one Daily Bearish Reversal from the high of Tuesday December 20th. We need to focus on support at 1981140. This is the level to watch on a closing basis. If that is breached, then that high should stand for now and a retest of support becomes likely.Note
The immediate Daily Bearish Reversal to watch lies at 1983407 but focus more on 1977592. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1983408 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 2005582. Only exceeding that level would imply a runaway breakout to the upside.Note
We have elected one Daily Bearish Reversal from the high of Friday January 6th. We need to focus on support at 1977592. This is the level to watch on a closing basis. If that is breached, then that high should stand for now and a retest of support becomes likely.Note
Top Envelope 20,646.32 , so it is good to start to accumulate a short position from 20450-20500 to 20700 all stop at 20750Technical projected resistance for today stands at 2043965. Only exceeding that level would imply a runaway breakout to the upside.
Note
Technical projected resistance for today stand at 2074147. Only exceeding that level would imply a runaway market to the upside.Note
The immediate Weekly Bearish Reversal to watch lies at 1977046 but focus more on 1973235. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 2032295 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 2082362. Only exceeding that level would imply a runaway breakout to the upside.Trade active
Currently, we have not elected any Daily Bearish Reversals from this new high. The immediate Daily Bearish Reversal to watch lies at 2053260 but focus more on 2049602. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 2069239 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 2085821. Only exceeding that level would imply a runaway breakout to the upside.Note
Currently, we have not elected any Monthly Bearish Reversals from this new high. The immediate Monthly Bearish Reversal to watch lies at 1799220 but focus more on 1788355. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1983109 would also imply a technical based pause in the uptrend for now.Trade active
Currently, we have not elected any Weekly Bearish Reversals from this new high. The immediate Weekly Bearish Reversal to watch lies at 2000280. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 2077716 would also imply a technical based pause in the uptrend for now. Technical projected resistance for Monday stands at 2115881. Only exceeding that level would imply a runaway breakout to the upside.Note
The immediate Weekly Bearish Reversal to watch lies at 2000280. A closing beneath this level will signal a temporary high is in placeNote
We have elected two Daily Bearish Reversals from the high of Monday July 3rd. We need to focus on support at 2129408. This is the level to watch on a closing basis. If that is breached, then that high should stand for now and a retest of support becomes likely. However, we have elected a Daily Bullish Reversal from the low of Thursday July 6th.
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