Things look ugly for $DJI but there's ray of light
$DJI has seen a ton of SELL volume & in reality the environment doesn't seem conducive of any positives. Bu there are some.
Pluses:
Doji - Needs more confirmation tomorrow.
Oversold on daily & support is 32.5k
Major long term downtrend is around 31.1k
Inverse Head & Shoulder can still pan out as long as #DJI doesn't break below the last barrier.
Technically, it can go to MAJOR support in the 30k area. Yes, it's ugly but that is some hope for the bulls.
The other indices don't look as good.
Pluses:
Doji - Needs more confirmation tomorrow.
Oversold on daily & support is 32.5k
Major long term downtrend is around 31.1k
Inverse Head & Shoulder can still pan out as long as #DJI doesn't break below the last barrier.
Technically, it can go to MAJOR support in the 30k area. Yes, it's ugly but that is some hope for the bulls.
The other indices don't look as good.