Dow futures - heading for further correction

MYM1! Dow Futures have broken below the distributive uptrend channel and confirms the double top formation. Long-term MACD is bearish while mid-term stochastic has shown an oversold crossover. 23-period ROC is below the zero line and Ichimoku has shown first sign of bearish signal. Support is at 37,600

评论:

Rebounded at key support of 37,600. However, please be cautious on riding the rebound. Consider taking some profit first

评论:

Likelihood of a strong upside targeting 39,874