Dow Jones finally reaches the 25000 mark that we have been expecting since last several trading sessions. There could be another push towards 25200/300 mark before the we witness a bearish
bounce. The rally from sub 23000 through 25000 would be seen as a potential resumption of an uptrend by many traders. Believe it or not, it is just an extension of the counter trend rally, that had begun from sub 18200 levels in March 2020. Wave C of the corrective rally seems to be completing around 25000/200 handle before Dow Jones could resume lower again. Immediate price resistance is seen towards 27100 and ideally Dow Jones is expected to stay below that. Overall, Dow Jones remains bearish
until prices stay below 29600 resistance.
Short against 27300 (ideally 29600), targeting below 18000.
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