SirajHudda

DOW Squeezing up.. Which way to go next?

INDEX:DOWI   DOW Industrials
Dow has been in a long term uptrend and has been squeezing up between trend lines that it has been bouncing up and down. The question is will it continue doing so and if yes for how long as the space is almost squeezed out. The next deciding level for DOW is around 18550 to 18700. That is when it has to decide either to break out, continue consolidation by going low till 18200 again or break down and correct more to other trend line support zones or may be do a bigger correction till 15000.. I would assume the time has come to make up the mind.. Trade with Caution!

Happy Trading!!
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The Correction might be over for now and we can look for long positions again..
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