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

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

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

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

Will update when  any retracement coming in.

Tang Qing Yao Oliver