Tuesday, January 31, 2017

Dow - Fake Breakout?

If Dow is unable to stay above 19975 tonight, traders who bet the next bull leg above 20,000 will unwind long trade and that could take the market to 19742 and 19236. For this week it is unlikely that Trump will roll out more major policies as he is busy with the fallout from his immigration policies. This blog still believe that Dow has one more melt up when Trump slashed the corporate tax from the current 36% to 15%.

All posts and charts are for educational and illustration purposes only

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