Dow Jones Index (24200 - 24259 is a very important region)

Dow Jones,

The market is definitely moving on the sentiment right now, without a proper fundamental backing. The fear of trade war.
I am expecting we might see some rebound near 24250.

In summary, we might be late to short as we have potential rebound on the card.



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s0nic



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Comment:

24200 and 24250 area get hold as we expected.
The upside may be a slow grind as the market is totally spooked by the recent sell down.

Comment:

24250 is holding for now.

To Be BUllish again, it is better for a bullish weekly bar in the next week for show up.

Trade active:

We have decent Bullish Pin bar at the trendline area.

It still go slight lower for a swing thou.

DO not long with tight SL. it is a sure way to get wiped even if you are in the correct direction eventually.

Comment:

Dow Jones Index

We have a strong NFP data, and the fear of trade war seems to have worn off.

The index has finally shown its true intention and "it will use 24260 as a good base" to launch bullish moment.

I am expecting it will go to test 24,800 level soon.

Trade closed: target reached:

Dow Jones Stock Index

A Nice +300 pips run as per our previous analysis.

Now we had a strong Bullish Candle is it is likely to inch up further.
I want you to be cautious now as we are entering into decent resistants regions of 24,850 level.
Get ready to take the money off the table if needed.

I will update again.


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Sonic

Trade closed: target reached:

Dow Jones

We have a nice +1000 point massive profit TP1 hit.
We will take much of our profit now.


This is where it shall go.

It may go up higher to the next level/region of 25800.

Comment:

Updated View On Dow Jones (31 July 2018)

* Long-term bullishness is still intact.
* Currently, it is at hard resistant. It may swing back down for a while.

Verdict: Wait at the better support levels such as 24850 (or) 24760, to long.