The Dow has been in a bearish trend for 8 weeks now and we still expect it to continue its bearish trend. Currently approaching the edge of the descending channel We expect it to reject a potential break-out and it to continue to the downside. Long-term we expect Dow to reach August to November 2020 support levels @ 29200 before some short term retracement to the upside in the month of June.
Short term key entries(Bearish)
Sells
Sell limit @ 32,000
Sell Stop @ 31,600 @ 31,300
Long term key entries(Bullish) Note: on 1D & 1W chart Dow 30 is showing signs of turning bullish
Buys
Buy limit @ 29,300 @ 30,200
Buy Stop @ 32,700
Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.