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S&P 500
5,069.27
(
1.01%
)
US TECH 100
17,085.60
(
1.33%
)
Dow Jones
38,255.82
(
0.93%
)
Brent Oil
83.76
(
0.26%
)
Bitcoin
59,262.22
(
1.76%
)
Post# of 648882
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DiscoverGold

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Re: Tuff-Stuff post# 599493

Thursday, 01/17/2019 9:13:13 AM

Thursday, January 17, 2019 9:13:13 AM

Post# of 648882
The Dow into Week of 1/21
By: Marty Armstrong | January 16, 2019

The Dow is pushing higher to test the key resistance area in the 25000 zone both technically and on our Reversals system. The key day for a target will be Monday 21st. The following week of the 28th remains as a Panic Cycle. We still see a closing above 24089 should point to the test of the 25000 area. There will still be the risk of a retest of the lows after the 21st.

Keep in mind that we nearly reached the Monthly Bearish which was the ideal target at 21600 stopping at 21712. That means we could still make a new low, but the bulk of the decline is normally confined to the first two time intervals which was therefore December. Only a monthly closing BELOW 21600 would signal a more pronounced decline. This is all a setup for what will be the Greatest Trade of most people's lives.

Support right now lies at 23775 on a closing basis.



• DiscoverGold

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold

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