Get started
itsjustanalysis

DJIA to move down below most recent lows, shorting

Short
E-mini Dow Jones ($5) Futures (CBOT_MINI:YM1!)  
itsjustanalysis Updated   
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
Trend Analysis Beyond Technical Analysis Gann djia emini NQ ES short
5
3
trendanalysis beyondta gann djia emini nq es short
DOW and general market should break down beyond the most recent swing lows. Reasons:
Short based on these factors
- parabolic rise
- anemic volume on weekly and daily charts
- extreme overbought conditions on Composite Index on weekly charts
- close proximity to .618 Fib zone on monthly and weekly swing high/low
- pivot in time in Gann's cycles
- new moon phase
Comment:
Next leg down within the next 30 trading days.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.