Like all stock indices, also Dow is not "feeling well", with the index starting the year badly and now trading again near support.
The recovery attempt started in March failed hard in the 35k zone and the selling power become very clear 2 weeks ago with a red candle that engulfs one month of trading.
As I said, Dow is trading near support now and I expect a breakdown
My target for this index is the 30k zone.
Sell rallies is, in my opinion, a very good strategy and I will be bullish only if the price pass above 35k
The recovery attempt started in March failed hard in the 35k zone and the selling power become very clear 2 weeks ago with a red candle that engulfs one month of trading.
As I said, Dow is trading near support now and I expect a breakdown
My target for this index is the 30k zone.
Sell rallies is, in my opinion, a very good strategy and I will be bullish only if the price pass above 35k
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