Dow Jones Industrial Average - a wait and see situation
The situation is unclear.
We have 2 possible scenarios to deeply analyze.
Investors sentiment remains strong although Momentum is not so robust. I would like to see a stronger Momentum.
You can read the 2 possible outcomes for the DJIA in the chart's comments.
There are 2 important levels to note in case that the index goes south:
The area of 25000-24950 is an alarm for Bulls while in case that 24000 is broken, the Bullish scenario should be abandoned.
We have 2 possible scenarios to deeply analyze.
Investors sentiment remains strong although Momentum is not so robust. I would like to see a stronger Momentum.
You can read the 2 possible outcomes for the DJIA in the chart's comments.
There are 2 important levels to note in case that the index goes south:
The area of 25000-24950 is an alarm for Bulls while in case that 24000 is broken, the Bullish scenario should be abandoned.
Trade active:
Target 27500-28000
Above 26000 it will gain thrust.
Above 26000 it will gain thrust.