Dow Jones

An event is nearby and the markets are doing what it does – come and rest at support/resistance. And its supports this time.

See the number of times this band has been test. Umpteen times from below (resistance) and now the third from the top (support). A classic case of Resistance turns Support structure.

Now – the million dollar Q is – what will the markets do ?

Well, we can only wait and watch and react after the markets decide what it wants to do. To do anything before that would be harakiri if markets decide to go against your position.

Chart below. For a larger chart, click here or on the image below.

dow20161103

Earlier too I had posted a DJIA view which you can find here. Worked pretty much according to my view. Lets see what this time the markets would do – big event, big move in the offing whichever side it decides to move.

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Advertisements

3 thoughts on “Dow Jones

  1. Pingback: Dow Jones – Before and After | StocksM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s