Index Analysis and Trading Tips - Dow Jones 22nd Feb 2016
Dow-Jones
16391
Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant.
US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain
** below 16300 market my head for drop correction toward 15600 zone
All the best and happy trading!
16391
Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant.
US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain
** below 16300 market my head for drop correction toward 15600 zone
All the best and happy trading!
Trade active:
Hope you are all following :)
Comment:
Yesterday's pullback is exactly what we were expecting after such gains on monday, weak US confidence may be the cause! Great spot to open more longs!
Trade closed: target reached:
Hope you all booked profits in this too!
