Index Analysis DOW
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