Bearish tell tale sign on DJ30 Dow Jones Index

In an earlier post, Binni suggested that Dow Jones index might be bearish.

The trigger is to sell Dow Jones around 16900 with key support 16830. It was also mentioned that if 16830 don’t hold, then  likely see further correction.

Let’s look at Dow Jones DJI index now from the DJ30 feed in Axitrader

Shooting star confirmed in month close

DJ30 M1 1:8:14

WRMB and bearish week which can tell us that it is the start of bear sign

DJ30 W1 1:8:14


Week close below 8 weeks low which tells us it is VERY bearish

DJ30 da1 1:8:14


Possible retracement zones on box low and high and possible support zones on recent boxes low

DJ30 2 1:8:14

Will update when  any retracement coming in.


Loading Facebook Comments ...

Leave a Reply