InvestingScope
Long

Dow Jones: Lower Buy opportunity and continuation level.

DJ:DJI   Dow Jones Industrial Average Index
Having successfully hit both of our bearish targets on the MA20 1D sell signal:


, the index is trading inside a 1D Descending Head and Shoulders pattern ( RSI = 30.952, MACD = -335.400, Highs/Lows = -556.4643) with clear sell/ buy pressure points. We are currently approaching the strongest buy level (24,600) which is for us an automatic long order to 25,070. If 25,200 breaks and gets re-tested successfully as a Support, it will be a long continuation signal towards 25,800.





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Thanks for the post. See my similar idea on US 30. Trading at a key pivot area now with much whipsaw action, little direction. Could be setup for sharp rally like we saw in Nov + Dec, before the cascade.
+1 Reply
InvestingScope DaddySawbucks
@DaddySawbucks, Indeed and this is exactly what we are counting on.
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