Idea on the DJI

Looking at the moving average we can see that it is trending hard to the down side. A few days of recovery and considerable buying power has yet to stop the MA trend. We may see an attempt to bring the market back up for a rally, however, all things considered the market had a great run in 2017 and we may have hit an all time high and look to start a correction to the downside.

We will see what the next few weeks has in terms of media FUD and FOMO.

I do believe we might see another 6-10% to the downside.

Thoughts or feedback?


Please understand this is not financial advice. Trade at your own risk.