DOW JONES HAS BEEN OVERBOUGHT IN ALL TIME FRAMES SO THIS DIP WAS COMING AND ITS NO SURPRISE. THE FUNDAMENTALS ARE STILL VERY BAD WITH DOW TRANSPORTS LOSING 11 TRADING DAYS IN A ROW IS A SIGN OF THINGS TO COME
Now that trumps meeting with north korea is back on along with the current sentiment in gold I would imagine we will retest 1280 and possibly even 1250 range this week. We are currently struggling to break the 1300 resistance. support is strong at 1280 however if we break then defo heading lower to 1250 range.
still a no trade zone in my opinion. could go either way. currently oversold on the 4hr. likely to bounce to 7750 range before further downtrend. currently still heavy in the bear market. keep your stop loss tight and take profits as you go