xtrader1

Update on Dow Jones: expect correction lower

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DJ:DJI   Dow Jones Industrial Average Index
This is an update on this earlier forecast from 28-01-2017:
We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted.
See snapshot below:


It looks like the Dow Jones is topping.

Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness.

The previous analysis is still valid: Expect a notable correction in the days ahead. First target is 19275.