Dow JONES is SIDEWAYS! Technical Analysis

Check The PICTURE PLEASE!!

Watch out everybody it can getting worst or better!!

Now Dow Jones Industrial at SIDEWAYS POSITION. Looks circle that shout “WATCH OUT”. The Index move between Top line 8602 point (100% Fibonacci retracement) and Bottom line 8234 point (Moving Average 30 days). Candlestick hits STRONG RESISTANCE (8602 point) two times, and hit STRONG SUPPORT (8234 point) two times that’s calls THE INDEX IS INSIDE THE BOX or SIDEWAYS. Becareful it can jump out UP or drop out DOWN. Dow Jones Industrial try to stabilize its position before take a chance!!

Fibonacci retracement lines show steps that candlestick will go or next target!! If JUMP UP next target will be 9092. If DROP DOWN next target will be 7810.

You must Understand!!

1. The stocks still above Moving Average 30, 40 , 60!! And they are still move UP TREND!!
2. Commoditiy Channel Index still above 0 line.
3. Relative Strength Index still above 50%.
4. Oil price Break out 60$. Now 61,5$
5. Gold price Break out too! Now 958$

Still In Bull Position!!!

When I compare Dow Jones Industrial Market with the other big market like HANGSENG, NIKKEI, S&P, FTSE, dll. The result is only DOW JONES INDUSTRIAL THAT STAYS IN SIDE WAYS POSITION, BUT THE OTHER STAYS IN BULL POSISTION. It can be the other follows Dow Jones to be sideway, or Dow follow the others to be BULL again!! The last There is NO TECHNICAL CONDITION THAT SHOW DOW JONES BACK TO 6700 POINT AGAIN!! SO IT SAFE YOU can Buy whether Index touch MA30 line or near it. CHOOSEE MINING!!