Dow is running weak with a rising wedge pattern. From 2008/ 09 lows inverted FIB 1.414 around 17400 would be a resistance. Considering this rally as a Wave B correction rally from 2008 Lows we can expect a big crash going to as low as 11300 on DOW. The short term correction would occur till 16300. Trade with Caution. Take partial profits on your portfolios. Good time to buy OTM put options.
Any suggestions on my analysis is welcomed.
All the best.
Any suggestions on my analysis is welcomed.
All the best.
