Dow Jones Industrial Average Index
Short
Updated

short

short looking for 12880-14400
Trade active
Currently, we have not elected any Daily Bearish Reversals from this new high. The immediate Daily Bearish Reversal to watch lies at 1918473 but focus more on 1914117. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1962319 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 1984468. 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.

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