June 4, 1989 – Remembering Tiananmen!
The market is looking for direction. Maybe the war is close to an end?
Dow Jones Industrial has reached the previous low. We should see some bounce unless some really bad development continues in the mideast.
Obviously the latest development in the mideast has caused some concerns on the market. Along with other major indices, Dow Jones Industrial lost ground and it looks likely that it will retest previous low again.
Consider it a potential buying opportunity.
Dow Jones Industrial tested previous low of 10,800 and bounced back. It has broken out of downtrend and been consolidating around 11,000.
Since it’s in summer months, it may not show any determined direction.
Dow Jones Industrial Average is going to resolve this soon. A breakout from here won’t be a surprise. Looking for some decent earning reports.