Dow Jones IA: correction of uptrend
The last movement is short - Flags formation, but sell if the price brake below 17,430 points
Indicators deep in negative zone showing a sharp downward movement.
CCI (50) is below 200, which means that 5 EMA is level of resistance
CCI (14) under -100 possible upward movement to 5 EMA or horizontal resistance 17547
Inside bar with a maximum of 17 478 and minimum 17 442
Suitable level for sell: if the price brake through below 17547
Stefan D. Angelov - Head of Stocks Trading
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