Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Mon, 10 Dec 2018 08:28:24 +0200
30 Minutes
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DJ30

 

ENTRY 24156.00 TARGETS 24040.40 23982.60 23867.00 23722.50 STOP LOSS 24445.00

 

Scenario 1

Dow is currently trading between the key levels at 24445.00 and 24156.00.  A negative sentiment will force the market to fall even lower to test the first support level at 24040.40.  Further weakening of the market will push prices to find support at 23982.60 and 23867.00.  A protective stop loss is highly recommended at 24445.00.

Scenario 2

Should the index manage to exceed the resistance level at 24445.00, it will cancel the downtrend scenario generating a buy signal.