DOW bears seem to be beating the drum but are we about to see a short squeeze

Index Analysis DOW JONES

Time Frame : 4 Hourly/Daily

DOW JONES Index

DOW bears may be licking their lips and price is looking heavy but is the price action a trap to squeeze out the shorts for a push to new highs. We see price is holding minor lower highs and also higher lows but is hovering around oversold levels. Even as concern over the Bond Yield curve is holding buyers back, we see the potential for sellers to get trapped and then a spike to resistance around 26575. There is still some work to do before we see either side take controls so watching the action for now.

Index : DJI

Current Price : 25625.59

Status : On watch for a potential short squeeze