Same as the NDX and SPX also the DJI is overpriced and expecting a correction.
We start with a small one only on the last movement and then for a bigger one.
RSI is negative and we already started the negative move to mid wing.
The very late correction.
we are awaiting that correction for too long and here we go.
went above every trend line breach after breach without correcting.
Still an open gap at the bottom of the last rally.
FIB is at the trend.
First TP at 0.618 and its a hell of a move.
RSI negative and yet dose not show on the chart which means there is going to be a high...
The left rally of the M and the mid one is same spread which indicates a negative M pattern.
Its a small trade so better with high volume.
RSI shows negative as well and well under 50.
All of 2017 is in 4 trading wings.
We are about to go from bottom wing to the 2ND one.
RSI developed a strong positive rally and every time he dose we have a strong clime.
MA 50 is there to support just before the breach.
