I saw Doji formation on Dow Jones last week, plus the 200d MA resistance, that was the first bearish signal for me that market correction is coming. 4 -5 trading days has passed and we are still seeing the Doji like formation almost everyday.
This shows that the market is still very undecisive now. It might be a tug of war between the bull and the bear this week.
Falling Volume on Dow Jones is Concern
I am seeing the volume falling on Dow Jones, that’s the key important bearish sign on top of the stagnant price movement.
The best strategy to apply now is hold and watch. We need to see a better signal to confirm the market direction first before taking action!
Dow Jones Industrial Average
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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