The DOW, like the other indices, has seen a rally for the last 3 days, leading into the Christmas holiday. A Santa Claus Rally, if you will. Price has reached back into HTF supply, and may have a short term bearish reaction.
Overall, I am looking for the recent highs to get raided for liquidity.
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The Dow Jones was down about 600 points today as President Trump continued his sparring session with China, and increased tariffs yet again. We can see a dangerous M forming on our 1 day time frame and I indicated crucial support levels with the fibonacci as well...
Here is our forecasting report in the video format on Dow Jones Industrial Average on 31 Jan 2018. Please enjoy.
Good trading
NinjaSingapore
31 Jan 2018
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