Although Dow is sitting on its 50 Days MA, the deceleration in Price/Momentum , prices reaching the upper trend channel price target and breaching its 1 year uptrend channel are ominous signs that the summer correction is on its way. Dow has initial support between 21430 to 21520. If 21430 is breached, it could head south towards 30980 and 20780. This blog is bearish on Dow!
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