SensumCommunem

Short trade correction idea

Short
DJ:DJI   Dow Jones Industrial Average Index
RSI is above 70 (because this is a heavy index RSI usually stay in between 30 -70)+Kangaroo tail w/big wick after 10.5% advance+MACD near crossover. This price action tells me we might see some sort of correction to 17.340 level. This is by no means a "SHORT INDEXES" trade. Just a minor throwback before Dow Jones continues to climb higher

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.