The Dow is disgusting, it continues to lead the market to the downside week after
week, which is not a solid sign for the overall economy.
After the clear break of 30000, targets were 29500/29000/28500/& 28000. The first two
targets have been realized already, and 28500/28000 are next. Considering just how ugly
the selling has been, expect these targets to be hit sooner than later despite the current relief rally.
With that being said, the golden ratio targets are down between 26000-27000, which are
also possible targets on the table if the downtrend continues with no end.
week, which is not a solid sign for the overall economy.
After the clear break of 30000, targets were 29500/29000/28500/& 28000. The first two
targets have been realized already, and 28500/28000 are next. Considering just how ugly
the selling has been, expect these targets to be hit sooner than later despite the current relief rally.
With that being said, the golden ratio targets are down between 26000-27000, which are
also possible targets on the table if the downtrend continues with no end.