DJIA : Critical Point 17400 *LINK*

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DJIA : Critical Point 17400
Hong Kong Qindex 14:53 GMT 08/07/2015 - My Profile
Sell S&P
Entry: Target: Stop:

DJIA : The following is still valid :

Hong Kong Qindex 17:14 GMT August 6, 2015
DJIA : Critical Point 17400 : Reply
Sell S&P
Entry: Target: Stop:

DJIA : Critical Point 17400

Speculative pressure will increase when the market closes below the Critical Point at 17400. As shown in the monthly cycle charts the bias is on the downside when DJIA is below the supporting range at 17400 - 17459. The next targeting point in the monthly cycle charts is 17032. The monthly cycle trading reference is as follow :

... 16925 // 17032* - 17138 - 17245 - 17352 - 17459* - 17566 -[17673]* ...

The odds are in favour of maintaining a short position.

Qindex.com

DJIA : Monthly Cycle Charts
http://www.qindex.com/djia.html

DJIA : Monthly Cycle Charts

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