ContraryTrader

Dow Jones .. 31k is resistance for now

Short
ContraryTrader Updated   
TVC:DJI   Dow Jones Industrial Average Index
At the top of the BBands on most time frames right now. I'd be looking good for a pullback starting Monday or fade any pop. I'm looking for a pullback to 30,500 then we see what happens with MSFT earnings. MSFT is the second biggest weighted Stock in the Dow behind UNH

YM1 (Dow futures ) are overbought also
Comment:
Whenever you see the dow gap outside its Daily Bollinger bands it always pulls back inside it. Fade it

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.