As you can see on the chart, The US stock market has formed a double top... Which is bearish. As Dow Jones broke the strong turquoise line support and the 200 daily moving average (pink line), the odds are for a continuation of the pull back all the way down to the February low on the yellow support line.
Stay tuned for more updates,
Fred
Stay tuned for more updates,
Fred
Trade closed: target reached:
Will the support be able to hold the price now ? I'll post a new analysis on stock market soon, stay tuned.
