FX:US30   Dow Jones Industrial Average Index
Ticker: US30            
Direction: SHORT
Entry Price: 17519
Current Price: 17519

Description of Chart:
Yesterday I had posted a chart on the indexes about how we could potentially get a bounce off of the 200MA on the 1h chart and move back down. Orange arrows drawn on previous days, Pink arrows drawn today. We hit the200MA and got a move down as expected. We are now at an important level (Green trndline) indicated a trendline put in all the way back in jun/jul 2015. I am looking for a further breakdown in the stock market, however there is still potential to bounce on this level like we did last time. It won't be too big, around 17650 area but it is something to look out for. If we break above the 17650 area then I won't be as bearish .

You can view all of my charts on my website if you are interested in a certain product. I also run a PAMM account that you can join, it is where you invest into an account managed by myself and I make the trades to make you profits.
Comment: So this is what happened, now it is time to wait and see what happens next. Need to open some new positions.
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