Trade the Dow

[Catweazle]

Guess I should have trusted my levels and gone short when it turned on that resistance area , but the train has left the station now. but I have loads of potential support around 440, so see what happens if it gets there.

[Catweazle]

Yep, like I said, Dow.s a bit boxed in between S&R, so no surprise to see the price come right back after that little drop.

Edited March 2, 2021 by Catweazle

[Catweazle]

R level broken now, but I feel that resistance is still there, so wonder whether it can sustain this move higher?

[Catweazle]

No, it cannot. This resistance level I've got is a big one, as it's not just on my smaller charts, it's also on the H4 as well. Difficult pa though.

[Catweazle]

Been away from trading for a while so just getting my sights in or attempting to. Any Dow traders out there? Please feel free to contribute to this thread.

[Guest tommo]

Dow tends to get most of the gains during periods where pension funds invest(payday cycles).12th-17th and 27th-3rd(next month).Other periods tend to be flat or negative..This theory has been back -tested 20+ years showing strong correlation( However sometimes you still lose..good stop loss is essential

[Guest Ankit Jain-Official]

Nasdaq100 and Dowjones weekly analysis and forecast uploaded for W3-Mar'21.

Watch out on YT channel : Ankit Jain-Official