Implications and Outlook (I/O)
1. We see the Dow Jones Index decline for an eighth straight trading session, ever since intermediate-strong Mean Resistance at 25325 was hit.
2. We did see the DJI closed below 25000 on June 18, causing fallout towards Mean Support of the 24800 and the Key Support 24415, as shown on Chart Analysis of June 15.
3. The violation of the Key Support 24415 will undoubtedly bring serious of the mid to long-term bearish implications, having downside target to Index Dip of 24060 and small possibility revisiting Key Resistance residing at 23530.
4. On the flip-side, DJI can roar back towards Mean Resistance 24890 very intrusively.
5. Current Index Strategy Bias: Bullish 60 / Bearish 40
6. I've written a new Article 'Are Stock Markets Ready To Crash? Be Ready And Prepared'. Highly recommend, giving it a read: www.tradingsig.com/s...dy-and-prepared.html
1. We see the Dow Jones Index decline for an eighth straight trading session, ever since intermediate-strong Mean Resistance at 25325 was hit.
2. We did see the DJI closed below 25000 on June 18, causing fallout towards Mean Support of the 24800 and the Key Support 24415, as shown on Chart Analysis of June 15.
3. The violation of the Key Support 24415 will undoubtedly bring serious of the mid to long-term bearish implications, having downside target to Index Dip of 24060 and small possibility revisiting Key Resistance residing at 23530.
4. On the flip-side, DJI can roar back towards Mean Resistance 24890 very intrusively.
5. Current Index Strategy Bias: Bullish 60 / Bearish 40
6. I've written a new Article 'Are Stock Markets Ready To Crash? Be Ready And Prepared'. Highly recommend, giving it a read: www.tradingsig.com/s...dy-and-prepared.html