DJ30 has had its good share of the mark up with the strong bullish momentum and the continuation towards the upper side. That being said, there is a corrective move pending which needs to be corrected from the resistance level and then continue moving down towards the nearest support level. This support level will be our profit target. The price I am looking at is 36080 for shorts.

The ascending trendline has just broken out for sells and the validation is yet pending. The market has also retested at the resistance level. We need to see another bearish candle print to continue further down.

The EMA 50 will act as our profit target towards as its still bullish.

RSI is at 50. Its at the neutralized level where the market can align with the technical factors to continue down.

DJ 30 till shorts

Dec 07 2023