DJIA
DJIA has been continusly crashing , are in a bearish trend? AS of now the drop seems vertical . Typically the second correction after ATH dows not break the recent low to attempt another high. However , the vertical drop makes me skeptical.
On the D chart - I feel the long term TrendLine ( Blue) will be tested pretty soon. We may see some bounce in the TGT1 ( Support) area and eventually retest the Long term trendline ( Blue) again.
If we survive the Trendline test , we may be seeing a rising wedge formation for a bullish run.
If we break the Trendline , we should be looking at 22800 ( TGT2- Support) for a bounce.
We cant say yet , if we are in Bear Zone until the tredline holds.
RedZones is the Super Resistance Zone. Battle Frontier ! Bulls and Bears will be slaughtered , on the way up here.
