According to me, the critical Levels of DOW daily chart is as below.
- A close below 10971 will be the first sign of a possible SHORT signal soon.
- A Close below 10850 will the 90% confirmation of SHORT signal of the rally confirmed on Sep 3 at 10447
- On the 15 Min chart, a Close below 11132, in the next 15 min, will be the caution sign, for those LONG. I In fact yesterday at 13.45 US time it had signaled an intraweek signal and the current move is only a retracement.
- A Close below 11110, in the next 15 min will be the SHORT signal for the intraday move.
However, the intraday move can change at anytime, as important data is expected today…
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
