Thursday 20 December 2018

Dow Jones 30 Index: Trading below the cloud, bear market in place!

Dow Jones 30 Index trading below the bottom end support of the weekly cloud. This confirms the bear market. Downside risk towards 23236/22669.

Need to see support come in and the price to trade back above the bottom end of the cloud to be bullish! The bears are winning this one for now!

Any short-term relief rally will run into resistance at the bottom end of the cloud!

Weekly cloud chart outlook: Bearish!
Daily cloud chart outlook: Bearish!

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