DJIA to move down below most recent lows, shorting
Mis à jour
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
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
Commentaire
Next leg down within the next 30 trading days.
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