www.varchev.com

Dow Jones IA: consolidation 17938-17247, no signal

DJIA wide consolidation between 17938 and 17247, which may continue, good levels for positions are around the lines of the channel.

Price is in the middle of the consolidation below the MA, but there is no signal for position.

A decline is very possible but we don’t have signal.

Foundation is mixed on the U.S. stock market, a correction is very possible because of the strong dollar and a rise in the interests.


 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