Nothing needs to be said 200 Moving Average Weekly is crossing over into the meltdown realm.
Good luck for your trades. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Global Dow continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 370. If prices crosses up 418, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
W1DOW as reached the target range forecasted in our post of May 31 and reversed as predicted. It seems to have finished the minor corrective wave 2 and should soon be tracing minor wave 3 down with strong momentum. The probable target for the end of minor wave 3 should be below 370. If price crosses up 418, this analysis should be reviewed. FOLLOW SKYLINEPRO TO...
Global Dow is currently tracing a counter trend move up at wave 2. The most probable target before the index follow the path to new lows is at 377. FOLLOW SKYLINEPRO TO GET UPDATES.
Just adding a long term view - this index very much "respects" its trendlines. In other words, it shows classic signs of resistance, bouncing, etc off its important long term trends. This is important because it just broke below the 10 year support line after the GFC. This is potentially indicative of a new bear starting globally.