Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Ever heard of Bitcoin? I encourage you to veiw my 4 minute video about the Bitcoin of Health Care CoinMD. Just load CoinMD.io/StylesMD set up a free 30 day test ride and contact me as needed. I have a Facebook informational page you can request to join for all my mist updates.

Neno

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


Dow Testing Key technical support

Share
avatar
Lobo
Moderator
Moderator

Posts : 26959
Thanked : 1435
Join date : 2013-01-12

Dow Testing Key technical support

Post by Lobo on Fri 29 Apr 2016, 4:07 pm


The Dow is now testing key technical support at the 17624 level and breaking this level warns that a correction becomes possible. We have two very important Weekly Bearish Reversals at 17434 and 17120 level. A weekly closing beneath the 17120 level will signal a sharp sell-off of about 1,000 points or down to the 15400 area. Gold has finally exceeded the March high and silver reach 1802. How they respond now to the 2015 high of 1307 and 1850 will be important to determine if we have an extension of this chaos in all markets or are we just pushing everything to the maximum.
May/June has been a key target for this year on our timing models followed by August. Now, will we see as a low or a high on the first target? Key monthly support lies at 17579 and we are trading right now at 17693 at this moment. We have a Weekly Bearish at 17434. If we close beneath 17579 today, we should expect a correction that will increase the odds that the next turning point should be a low with a rally then into August. Quarterly timing models have highlighted the 2nd quarter here in 2016 for a Direction Change so that will be for the June closing.
https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/dow-jones/dow-testing-key-technical-support/

    Current date/time is Sat 20 Jan 2018, 8:37 am