This is going to be a general overview on the Dow Jones from a weekly perspective.More details are to be found on the analysis I will be posting from the daily perspective .
DJI
has lost yesterday almost 7 percent in one day which has probably made many people panick .This was quite expectable because the up trend that officially started the week of March 23rd wasn't sustainable which made the market weaken as it went up.That's why as soon as the white line (resistance) was hit the market fell right away .
Actually in the long term this is healthy for the market as long as no major levels are broken below .
DJI
has lost yesterday almost 7 percent in one day which has probably made many people panick .This was quite expectable because the up trend that officially started the week of March 23rd wasn't sustainable which made the market weaken as it went up.That's why as soon as the white line (resistance) was hit the market fell right away . Actually in the long term this is healthy for the market as long as no major levels are broken below .