short at 25030 for target 24870 in 24-48hi short at 25030 psychological level and also overbought + a bit of euphoria ..maybe the last rally before the big correction as small crashlie aout 2015 or februar 2016 but for now i just short on old resistance who become support
short at 25030
target 24870
gain = 160pts
Dowjonesanalysis
Dow Jones Long SetupHello Guys,
We hope your trading week is successful so far.
I have a short term long setup for you guys in the Dow Jones future.
If the market stays below 22034 i like to buy it at around 21866 with a stop loss below 21685 and an initial target of 22229.
I will only buy the market at 21866 when it stays below the high of 22034, if it breaks that high without reaching our entry level we will delete the setup. I will update you here. WE ONLY LIKE TO BUY WE DONT ADVISE TO SELL!
Hope that helps and trade safely
Has the Dow Recovered?To me this is pretty simple, the Dow was provided with support by the 50 Moving Average and appreciating, but the Coppock curve is still negative so I would wait till the 20,700 make to buy. Also the ADX Green Line has finally crossed over representing a new trend change. So I would buy until the Trendline resistance.
Update on Dow Jones: expect correction lowerThis 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.