DOW

China brakeout and long term target at 22000, is it already leading the world?

dow-daily
uk.advfn.com/p.php?pid=chartscreenshotsh...Vowbmjp4BUHv+DJ5I5A=

Looking at the daily chart here not for trading but for general direction....

Negative divergence on the rsi....combined with the island reversal gap still being intact....would suggest more weakness imvho....

could be argued this is having a breather after strong run form 18k to 27k....and there's no denying the US markets have been strong....so it may be a case of more sideways....imho...
break above 26400 could signal a fresh move higher....
below 24840 calls for more down....

good luck...
atb, wdik, dyor,
trendfriend

Must find time this weekend to try and do a bit of detailed analysis - I dabbled in a few trades, and lost a couple (surprise surprise, going short! ). but will live to fight another day I hope!

For now, let me upload a "tweet" (is that it is?) which makes for interesting reading...

https://ibb.co/TkDXWMF

The DOW has had a surge, thanks to the jobs data.

DOW

J

great post Libero...Bravo with the trading! nice work...

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...taK4PIcgXE8r1SX+cnE=

that 50 day ema line is the key and the first text imvho...currently at 221....
need a technical event like a gap below....with the rsi bang on support and about to make a lower low...this needs to bounce soon!

below that a lower low would really set the cat among the pigeons!
plenty of gaps down below that which could do with getting filled...
i'm going to short below 221 during trading hours...with tight stops...risky because it bounced off that line the last time...

maybe we are going to see mr Powell turn up with more cash?

lets see!

atb, wdik, dyor,
trendfriend