Hi friends,
Today I decided to share with you my view about the lovely Dow Jones.
The index is moving up, but it’s moving so slow and so volume less that I have only one thing in my mind – THE END of the rise is coming.
Here is why I think so (Click to enlarge):
As you can see, there is weekly resistance range. The is weekly divergence supports the weakness. The is daily BB duplication, there is top of channel, there is daily volume less rise and divergence and there is RSI topping close to 80!!!
And that’s exactly why I see the end coming very fast… And I do think we are in front of a drop.
Do you remember that I called bearish scenario in 2-5 weeks on my weekly review?
So my dear reader, don’t stay out. It’s time to trade forex and to trade indices and to be involved on the financial markets while I do think that the main ones to be in are forex and indices.
That’s all for today.
Enjoy the day
Vladimir Ribakov
http://www.vladimirforexsignals.com/
