DOW

Great call Wavesurfer.....spot on with the top!
Hope your cleaning up these markets

this does look like it could get nasty!!

Libero....did you get a short in then?
i didn't trade this...been out for too long!

atb
trendfriend

The DOW could not push to new all time highs before some serious selling pressure stopped the music. The move down has some buyers concerned that we are about to take a beating but the trend up is still is tact. A move down through 27400 will change the tone dramatically and trigger another selloff but time will tell if new highs are still on the cards in the near term.

Not too much damage yet, expect the month of sept for markets to start rolling & churning- i.e lower lows and low highs, damage will come in oct. a daily close below the dotted line will give the 1st clue, if it does, then expect a bounce n drop.

Dow filled its gap now we have 2 below as targets for int C for now, dow still remains 3 corrective trends and remain in a bear.

1,618 ext dow hit today from lows.

Imo the top is in, needs to see more, support broken, bounce to be weak, etc but sept 03 2020 n sep 1929 rhymes.

1st time in a while - i am short.

Good luck

What a beast of a rally, this.

Sure, the Dow has been slow to the party, but it's going strong (I know, I know, wiser heads will tell me the fall is coming; let's see).

I thought about shorting it as the gap was filled, but I'm glad I didn't, as I would have been cut to ribbons.

watch that megaphone though!

(chart courtesy of Sven Henrich)

https://ibb.co/g6MxB7n

Stay Safe Out there folks, and in these insanely illogical markets.

DJI Index - Critical support and resistance on the Daily chart

The Index is currently attempting close above the critical support level at around 28134.70 in the Daily chart as we head towards the end of the Tuesday session.

The Index needs to remain above 28134.70 to continue to its next major target at 28842.20.

Major support at 28134.70, 27697.50, and 27421.55

Major resistance at 28404.95, 28842.20, 29112.45, and 29549.65