Short

US30 (Dow) - What are the charts telling us?

US30 (Dow) - We must trade what we see, not what we want to see! So what do we see? Upward momentum is stalling around the 50-61.8 fib level. Price has broken the upward trendline. Price has formed a lower low. If price forms a lower high then we are officially in a downtrend. If price does not form a lower high then we will have to wait to see what forms. These are the facts based on technical analysis of price action. The only x factors are fundamentals like further manipulation or news. You can be the judge of that.

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