CurrencyClouds

Dow Jones: 9/9/2016 Down -394 points

TVC:DJI   Dow Jones Industrial Average Index
The Dow Jones Industrial has fallen -394 points today. Fundamentalist say it's FOMC Member Rosengren, CNBC says "Nothings wrong, look away." and the charts tell a different story.

My Analysis: Clear Head & Shoulder (or Double Top ) pattern. Accelerated break through 50 Moving Average down to a proving upward sloping trend line .

Based on price we should bounce off the trend line or 18,0000 if price decelerates. The 200 moving average and 17,310 are next proven targets for support if it continues. At the moment if it slows down on this trendline or 18,000 expecting consolidation.

On the other side if it breaks 18,000 It could pull back retest it as Resistance and continue lower.

Make sure your analysisng markets from a place of non-bias views.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out