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sum1
Aug 5, 2016 2:05 PM

DOW JONES NEW HIGH POSIBLE AROUND $187 Long

SPDR Dow Jones Industrial Average ETFArca

Description

Looking at the DOWJONES 3 hour Chart there is Green support line support coming out from July low. Also it broke the red resistance line. So ATH is a possible. Also when I connect High from April/May to the July high and draw the parallel line then the Green line and the red line crosses somewhere around$188 zone and creates a TRIANGLE. If you know how to play narrow triangles then you are a winner. Usually I leave playing triangle because choppy and side trades. But a good options strategies will make some good money for sure.
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