Dow Jones - US30 - Weakness ahead
I've spotted some possible weakness on the Dow.
Price has formed a double top on the daily charts and a bearish outside bar has formed at the top of the Bollinger bands.
I think we could see some short term weakness towards 26000 where price will meet resistance. The weekly is also looking bearish which could push price down to 23-24k depending on short term fundamentals.
Price has formed a double top on the daily charts and a bearish outside bar has formed at the top of the Bollinger bands.
I think we could see some short term weakness towards 26000 where price will meet resistance. The weekly is also looking bearish which could push price down to 23-24k depending on short term fundamentals.
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Closed out at 26000 for profit.