Tuesday 30 October 2018

DJI Dow Jones 30 Index: Downside risk to bottom cloud support zone on weekly cloud chart!

DJI Dow Jones 30 Index: Downside risk to bottom cloud support zone on weekly cloud chart!

DJI lost support at a critical level above the weekly cloud! Now there is downside risk towards the bottom end cloud chart support level of 23498! Will be interesting to see if the DJI can find support at old lows of 23997!



Price action is still below the daily cloud chart and this is overall negative! The DJI is now down 2174 points since the sell signal above the cloud!
Levels to watch on the daily are 24216, and 23700 for potential support!


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