Dow jones is now in a difficult area. The index is overbought and it beggin to manifest clearly reject.
Has recover the 1.68 fibbo of the last fall from 29k, arriving to 31k, key level. Is over the channel that has follow all the year after the CRASH of 2020.
So in my opinion, should begin to put positions shorts a this level.
Level to begin to buy is the 28,3k where the SMA of 200 pass, and more down you have the trend line of 2020 and a little down there the last channel before the covid.
This is the line red than cannot fall , if it fall serious thing will have happen.
Has recover the 1.68 fibbo of the last fall from 29k, arriving to 31k, key level. Is over the channel that has follow all the year after the CRASH of 2020.
So in my opinion, should begin to put positions shorts a this level.
Level to begin to buy is the 28,3k where the SMA of 200 pass, and more down you have the trend line of 2020 and a little down there the last channel before the covid.
This is the line red than cannot fall , if it fall serious thing will have happen.
