fractal_trader

Dow Jones: Failed at Support and Runs up towards Resistance

FX:US30   Index of top 30 shares on Wall Street
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The US Indices have been in a major complex correction for more than one year now. During that time the upper and lower border (sup+res) have been hit numerous times. After the Brexit vote this market dropped down, just so it can continue all the way back up in the following week. How quickly will it hit that resistance?

https://youtu.be/7D5x1i9Ar44
So most probably it will go up to resistance and then drop or any chance to even drop from the current price.
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fractal_trader KashifN28959685
.. or it will breakout to upside. Nobody knows at this point. Last week it just didn't stop going up, crazy moves within this complex overall correction. A bounce off of resistance seems just a likely.
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