We startet comparing the short to trend and volatility in FTSE and DOW, the correlation changed friday and FTSE whent up og DOW30 down. Dow will take fridays points back monday morning and a good possibility of a pennant pattern. A low risk trade can be done if we break the fabonacci 61,8 and a more risky would be right now in fabinnaci 38,2 - 20650. If the DOW dont break the 61,8 og uses it as a support zone there might be a possible short trade with a clear signal. Low risk be patient and wait and for the 61,8. Higher risk go long in 20650, the RSI is bullish and indicates a long trade. MACD shows on the WEEKLY chart a strong buy signal, with MACD, ADX, Ultimate Oscillator and ROC all showing buy signals. MA ,20,50,100,200 shows buy signals and MA,5,10 sell signal. The STOCH indicates that the index is overbought, so have this in mind. ALso we have the daily chart wich us very neutral, indicates a little sideways, but the volume also the support of bullish.
Trade closed: stop reached