DOW: short term vs long termThere is PLENTY off resitence around 35000 level. Monthly close above it will be good for the SHORT term.
Closing below 33000 at month end i would call bearish allready.
With the prospects off war on the horizon, a further correction seems only logical.
Only to flow BACK into the DOW. where else would the money go? DOW & in dollars! is still king for international capital.
Compare the DOW to other indices, you will see the dow outperforming. and I believe it will continue to do so in the long run.
I do believe Selling some & get some extra cash in hand is smart.
But let's not forget: Markets can stay irrational longer than you can stay solvent So i would not rule out a further up move to fool everyone, and restart its downtrend after.
Watch the 35K level for weekly & monthly closings.