I used to trade DJIA
a lot in the past, but I have moved away from it, as it can be very tricky and quickly take you out. I like the idea of it LONG in long-run, but in the short-term, I would like to see a bit more selling, in order for it to become even more attractive for the bulls.
We are forming this wedge-type formation, which I think should be broken soon (unless the market thinks otherwise). Maybe it will continue ranging and narrowing over the next days, who knows. I suggest too keep an eye on it.
As always, keep an eye on the price action!