Gone Short on the DOW

1st July 2013 DOW

Ok I’ve gone short on the DOW. I’m seeing a dowtrend in the daily charts.. it’s a series of lower lows and lower highs. I believe that the market has just completely it’s retrace from the downtrend and now going to make it’s way down.

The blue line shows that there has been a resistance where price was contained, this is around 15080. I’m hoping price will head lower to 14650 or so where my target is.

Did you like this? Share it:

Tags: , , , , ,

Category: DOW, Trading