The US 30 Index is likely to make a small expected Push Back.
Candle Stick Pattern
The collective candlesticks of 16th June - 21st June have resulted in a Morning Star Pattern. This coupled with the immediate rejection of lower prices on the 22nd June, would
favour a corrective move.
Watch for price at key points of the retracement
1. Fib .382 = 31,100. Very likely initial target.
2. Fib .50 = 31,400 - Fib .618 . = 31816 = Decent retracement most will look for.
3. Fib .786 and Kumo = 32300 = a bit of a stretch.
Candle Stick Pattern
The collective candlesticks of 16th June - 21st June have resulted in a Morning Star Pattern. This coupled with the immediate rejection of lower prices on the 22nd June, would
favour a corrective move.
Watch for price at key points of the retracement
1. Fib .382 = 31,100. Very likely initial target.
2. Fib .50 = 31,400 - Fib .618 . = 31816 = Decent retracement most will look for.
3. Fib .786 and Kumo = 32300 = a bit of a stretch.