Dow Jones Short to Mid-Term Bearish; Long-Term Bullish
Updated
The Dow continues to trend sideways with strong support along the 100 day simple moving average. If it can’t make new highs, I believe we will see the Dow drop below the 100 day SMA and perhaps test the 200 day SMA. I don’t believe we will experience a huge drop, but it’s not impossible.
Ultimately, I believe the Dow will continue to trend sideways for a while before resuming upward. I am short to mid-term bearish, but long-term bullish on the Dow.
Good luck trading,
Eddy Yang
Ultimately, I believe the Dow will continue to trend sideways for a while before resuming upward. I am short to mid-term bearish, but long-term bullish on the Dow.
Good luck trading,
Eddy Yang
Note
Video Analysis: youtube.com/watch?v=No1-xhA9itc
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