www.varchev.com

DJIA: deeper levels – correction in force

DJIA: up trend and current correction.
3 index registers deeper levels, giving a sign that the correction has potential for development. First target level of Fibo 17,847 points.

DIA could not stay above 18,000 points, which increases the likelihood of a downgrade.

Appreciation of the dollar today will have a negative impact on commodity prices, and on material and energy sectors.

DM indicator is below 0.3 which indicates that the negative mood dominate the market.

Watch 3 valboki Year and 3 more lower highs, negative movement in force appropriate places for sell around the diagonal resistance just below current levels peak or 17,985


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance