Index Analysis DOW

DOW – Dow Jones 30

The DOW has played out well and staged a nice bounce as expected since our last alert (below). We now see price coming into resistance so are watching for a reaction lower. Traders will have inflationary numbers to deal with tomorrow night so we may see some action with a spike in Volatility if CPI and PPI come out stronger than expected in the US. Still expect that markets have a bit of work to do before confidence returns.

Index : DOW – Dow Jones 30

Current Price : 23974

Status : On watch an increase in Volatility and reaction lower

Previous Alert 9/2/18

DOW – Dow Jones 30

The DOW received another beating overnight with the Index dropping over 1000 points for the second time in a week. Taking a look at the DOW futures market may be telling us that some relief is on the way. Price is currently overextended on the downside but is falling short of the lows around 23050. From here we expect some bargain hunting buyers to step in for a bounce of a few 100 points and then its all about the fear in the markets to where we head after that….but only time will tell.

Index : DOW – Dow Jones 30

Current Price : 23974

Status : On watch for a potential bounce