The reversal we were talking about came after all.
13,000, well a round number, is the major support. We will see if Dow Jones can hold itself, but the drop today is ugly.
Tag Archives: Reversal
Dow to reverse?
It’s forming a triple top, likely reversal?
However, QQQQ broke out but the lighter than average volume makes the breakout less convincing.
DOW Jones touching the trend line
Dow Jones Industrial Average closed at the current uptrend line. Breaking down from here indicates a trend reversal. If you want t0 trade, here’s an opportunity to go long and set a stop loss somewhere below the trend line, say, 11,000.
Two big drops in a row
Dow Jones Industrail Average lost its momentum and dropped more than 200 points in two days. The supports are shown in the chart. Breach at 11,200 will indicate a trend reversal.
CHN
CHN is in reversal.