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themarketzone

Bearish Pattern, but will it deliver?

Dow Jones Industrial Average Index (DJ:DJI)  
themarketzone  
DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis Harmonic Patterns Chart Patterns SPX (S&P 500 Index) DJI djianalysis Earnings
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trendanalysis harmonicpatterns chartpattern spx dji djianalysis earnings
In this week's newsletter (search for #WeeklyMarketsAnalysis on Twitter) I covered the U.S stock markets vs. The European ones.
The European Indices can drag the strong U.S market down with them if Draghi will dissapoint.
In such scenario, the Dow presents a bearish opportunity.

A close below the MA line can signal the start of a short term correction wave.

On the other hand, if Draghi will boost stocks... DAX can try to catch up with the S&P500 (currently testing support)

Read more about all of that in this week's newsletter (#WeeklyMarketsAnalysis)
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