Broke new high on a highest volume in 9 months. While most chartist are bullish, this blog believes this is a topping out price action. Trade plan for Dow will be to sell below 19115 after confirmation that it broke below its crucial support at 19122. A break below 19115 could see Dow falling to next support 18850. This blog will only turn bearish when the 19122 support is breached.
All posts and charts are for educational and illustration purposes only
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.