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ContraryTrader

Dow Jones, A bigger picture

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Indeks Purata Industri Dow Jones (TVC:DJI)  
ContraryTrader  
TVC:DJI   Indeks Purata Industri Dow Jones
Support and Resistance Moving Averages Head and Shoulders
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supportandresistance movingaverage headandshoulders
I think This correction will run its course by end of this week. I Have weekly 50sma at 33800 and some strong price action support around 33600 if it drops under 33800. Once we complete the HEAD I think for the next month maybe 2 months we'll rally to 35,500 to make a shoulder. We're currently riding the bottom of the bollingerband on the weekly. In 10 yrs the Dow has only fell outside of its Weekly bollingerband 3x.

Let's see what happens

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ContraryTrader
Dow Jones, bigger picture
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