World markets are so rosy rosy suddenly after fear of recession 2 weeks ago now world is talking about new revolution in stock markets and more money pumping in all over in equities what change suddenly ? Greece matter solved out ? China’s market recovered ?
Answer is simply no , Greece just got a bailout like earlier and china’s stock market still down 25% down from its peak moreover china released growth rate of 7% which seems very fishy and even after good results shanghai market tanked as world is getting china’s game to inflate the GDP numbers .
Now our dow jones trading at 18080 almost near lifetime high , a good resistance comes at 18200 if US 30 click this and close above this level then expect 18350 – 18480 and there after more money to lead the way
Dow 30 has good support at 17880 if dowjones panic and close below this then expect a correction upto 17600 – 17350 and even more
Dow Jones analysis conclusion : Its not about rosy numbers from US or China , Its about the fact that markets are bound to rip soon so our view remain weak for now
so should we sell dow jones ? or we should buy dowjones ?
our trading strategy is on weak side so we will prefer a sell trade with strict stoploss above our resistance
More already updated to our Dow Jones signals subscribers