The Dow going sideways... but not for too much longer
Good afternoon and good morning!
Here we have a chart of the DJ30;
I’ve filled in the possible ghost track that it could take over the next few days and marked out to where we could be heading to.
Even with all the noise from the Whitehouse about strikes in Syria, its seems like the markets have recovered somewhat as they are getting more and more used to filtering out the news from the whitehouse and Trumps feed.
I have marked out $24459 as I will be closing a couple of the orders that are on eToro https://content.etoro.com/lp/practice_account/?dl=30002029&utm_medium=Affiliate&utm_source=65728&utm_content=517&utm_serial=&utm_campaign=&utm_term= along with $23333 as that will be my buy back in entry point as I am still bullish long term.
On the Stochtastics we also have a fair amount of headroom to grow before hitting the oversold territory on the daily chart.
We also have to remember that earnings season for the financial sector is almost upon us. The results are expected to be good after the tax overhaul plan so this could give the major indices a good push to break the downward trend line!
I will be upgrading soon so that I can share multiple charts next to each other along with having a fair amount more information on each chart. DOW-JONES INDUSTRIAL 30
Here we have a chart of the DJ30;
I’ve filled in the possible ghost track that it could take over the next few days and marked out to where we could be heading to.
Even with all the noise from the Whitehouse about strikes in Syria, its seems like the markets have recovered somewhat as they are getting more and more used to filtering out the news from the whitehouse and Trumps feed.
I have marked out $24459 as I will be closing a couple of the orders that are on eToro https://content.etoro.com/lp/practice_account/?dl=30002029&utm_medium=Affiliate&utm_source=65728&utm_content=517&utm_serial=&utm_campaign=&utm_term= along with $23333 as that will be my buy back in entry point as I am still bullish long term.
On the Stochtastics we also have a fair amount of headroom to grow before hitting the oversold territory on the daily chart.
We also have to remember that earnings season for the financial sector is almost upon us. The results are expected to be good after the tax overhaul plan so this could give the major indices a good push to break the downward trend line!
I will be upgrading soon so that I can share multiple charts next to each other along with having a fair amount more information on each chart. DOW-JONES INDUSTRIAL 30