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.
Agree
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out