Update on Dow Jones: expect correction lower
This is an update on this earlier forecast from 28-01-2017:
We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted.
See snapshot below:
It looks like the Dow Jones is topping.
Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness.
The previous analysis is still valid: Expect a notable correction in the days ahead. First target is 19275.
We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted.
See snapshot below:
It looks like the Dow Jones is topping.
Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness.
The previous analysis is still valid: Expect a notable correction in the days ahead. First target is 19275.
Sultan of Swing
