DJI Major correction TA look

2018年2月9日

This correction was a long time coming. The first yellow trend line is the bull trend that picked up in January 2016. I’m thinking we will test that trend line followed by either a bounce or a continued down turn towards the longer term trend line established around 2009. Simply put the absolute worst case scenario would be maybe around 18k but for this scenario some serious bad news would have to come out. My rough prediction is blood will stop somewhere around 22-23k