Here we can see how the DJI bounced off the EMA300 grey line just to end in a lower high.

Since we have a lower high, the next time that prices are pushed down they will go to the next MA and that should be around EMA500 (or the equivalent for the next support area).

In a nutshell, the correction is likely to be resumed.

You can read all the details, the targets and more by visiting my previous trade ideas on this index.

7-Feb.
DJI Weak Bounce


28-Jan.
The Dow Jones Industrial Average: Not All Red


23-Jan.
The Dow Jones Industrial Average Is No Exception (Crash)


Thank you my friend, I am really joyful to have your continued support.

Namaste.

P.S. Nasdaq (NDX) is also on the crash list but I reached my posting limit.
See you tomorrow.
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