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Old 1st July 2018, 12:48 PM
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Default Dow Jones Industrial Average on Verge of Breaking Down



Dow Jones Industrial Average is on verge of breaking down.

The index is oversold on daily charts right now and may try to stabilize in next few days, but the overall structure is very fragile.

In my opinion, a break below 23950 will have bearish implications in all time frames - short term, medium term and long term.




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Old 9th August 2018, 10:26 AM
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23950 has held for now.

Till now the US vs China/EU/Everyone trade war hasn't affected stocks in a significant way because liquidity remains abundant.

Dow Jones has also managed to cross crucial level of 25400.

If the index is able to breakout of the channel on upside, bulls will again take charge.

On the downside, 23950-24000 remains a very important level to watch out for.

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