Xander
Short

Dow falls to 16000

INDEX:DOWI   DOW Industrials
229 1 1
This idea is actually the same as I posted early January.
We have reach the starting point of three suggested scenarios (on the date exact btw).

Technically:
- RSI can go much lower, I would like to see it go below 30.
- it's been testing a trendline 3 times since December, time to break
- EMA 100 is broken

Non technically:
- Europe indices are on a high, will Draghi set things in motion?!
- Oil             ...
- Russia
- some financial institutions in Europe are not OK

If it falls below 17000, we will see 16000! Which means we have a healthy correction of 10%

Xander
2 years ago
Very nice to see the graph showed the uptrend towards 18200 (scenario A). (But the Fed changed it.)
Setting a lower high, probably breaking through the EMA 200 in the next few days.

I wouldn't be surprised to see 16.700 tomorrow or Friday (Jan 29/30th)
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