mmon84

DJ is breaking the ground

Short
FOREXCOM:DJI   Wall Street CFD
DJ yesterday broke out of the long-held triangle, coming below the major high and low prices trend since the crash last year, as well as below the 50 SMA for the first time. This is a major change that seems to confirm the bearish outlook I predicted a couple of months ago. Even if it rebounds from the current downtrend, there;s not much left in the triangle and an upward breakout is very unlikely given the fundamentals. Buckle up.

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