Hit_N_Run
Short

DOW has two downside targets

FX:US30   Index of top 30 shares on Wall Street
165 1 6
Its obvious that the U.S. markets, precisely the Dow industrial has been treading water in the past months. Clear on the chart above. The index entered a period of sideways movement. Which will probably continue for now as investors continue to anticipate economic data. Where good numbers have been a bad catalyst for equities, given the fact that it will support the idea of a rate hike coming most probably in September.

MACD is showing a negative divergence. I am expecting a move towards the bottom of the range, targeting the mid range at 17550 support followed by 17000 support level .
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