Dow30 and where to sell
Since May, Dow is topping, and yes, if you would have bought deeps in support you would have made money, but the overall structure is a topping one.
Looking at the increase in price, from 35000 to 36500 there is only 4% rise over 7 months, and also is clear that over 35k the index was sold.
Also, although I'm not usually anticipating a pattern, if Dow reverses from my sell zone, we will also have a nice H&S.
Anyway, I will look to sell this rally that we are in now and the ideal point would be around 35.5k
Only a new ATH would put a pause in my bearish outlook
Looking at the increase in price, from 35000 to 36500 there is only 4% rise over 7 months, and also is clear that over 35k the index was sold.
Also, although I'm not usually anticipating a pattern, if Dow reverses from my sell zone, we will also have a nice H&S.
Anyway, I will look to sell this rally that we are in now and the ideal point would be around 35.5k
Only a new ATH would put a pause in my bearish outlook
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