TheTradersBias

$DJIA monthly could be headed to retest the megaphone resistance

Long
DJ:DJI   Dow Jones Industrial Average Index
I have been following this long term megaphone setup. I think we will see a retest of the uptrend resistance which is quite common before we see the major down leg. Can the Fed stop this from happening with QE? That remains to be seen. I very much doubt it.
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.