DOW

can go down hard

Kommentera:

Let`s see if 17299 can provide support

Kommentera:

Look for July gap to be filed

Handel aktiv:

We have elected one Daily Bearish Reversal from the high of Tuesday December 20th. We need to focus on support at 1981140. This is the level to watch on a closing basis. If that is breached, then that high should stand for now and a retest of support becomes likely.

Kommentera:

The immediate Daily Bearish Reversal to watch lies at 1983407 but focus more on 1977592. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1983408 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 2005582. Only exceeding that level would imply a runaway breakout to the upside.

Kommentera:

We have elected one Daily Bearish Reversal from the high of Friday January 6th. We need to focus on support at 1977592. This is the level to watch on a closing basis. If that is breached, then that high should stand for now and a retest of support becomes likely.

Kommentera:

Top Envelope 20,646.32 , so it is good to start to accumulate a short position from 20450-20500 to 20700 all stop at 20750
Technical projected resistance for today stands at 2043965. Only exceeding that level would imply a runaway breakout to the upside.

Kommentera:

Technical projected resistance for today stand at 2074147. Only exceeding that level would imply a runaway market to the upside.

Kommentera:

The immediate Weekly Bearish Reversal to watch lies at 1977046 but focus more on 1973235. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 2032295 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 2082362. Only exceeding that level would imply a runaway breakout to the upside.

Handel aktiv:

Currently, we have not elected any Daily Bearish Reversals from this new high. The immediate Daily Bearish Reversal to watch lies at 2053260 but focus more on 2049602. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 2069239 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 2085821. Only exceeding that level would imply a runaway breakout to the upside.

Kommentera:

Currently, we have not elected any Monthly Bearish Reversals from this new high. The immediate Monthly Bearish Reversal to watch lies at 1799220 but focus more on 1788355. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 1983109 would also imply a technical based pause in the uptrend for now.

Handel aktiv:

Currently, we have not elected any Weekly Bearish Reversals from this new high. The immediate Weekly Bearish Reversal to watch lies at 2000280. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 2077716 would also imply a technical based pause in the uptrend for now. Technical projected resistance for Monday stands at 2115881. Only exceeding that level would imply a runaway breakout to the upside.

Kommentera:

The immediate Weekly Bearish Reversal to watch lies at 2000280. A closing beneath this level will signal a temporary high is in place

Kommentera:

We have elected two Daily Bearish Reversals from the high of Monday July 3rd. We need to focus on support at 2129408. This is the level to watch on a closing basis. If that is breached, then that high should stand for now and a retest of support becomes likely. However, we have elected a Daily Bullish Reversal from the low of Thursday July 6th.