3 possible support lines for DJIA. it should be a zone but used a straight line instead for easy viewing. +/-100points for the zone. 1st wave should hit the upper zone and rebound, 2nd wave will hit 2nd zone the followed by last wave till the bottom. I seriously do not think that the final zone will be broken as weekly and monthly charts are still very good. There is a good chance that DJIA might hit 22k or more by end of year so do not push your luck too far. Timing wise should be around late August early September where we find the bottom. Areas marked with the circle are similar to what already happened on NASDAQ. So not every MACD gold cross is golden. trade with care and enjoy the volatility, there is no need to be too fixated on a certain point or zone, the indicators will tell you how the market feels.
