There are only 2 trading days left until the DOW will show its result of the US Presidential election. When the first projection of the result comes I believe the DOW will start moving strongly up or down. Many traders in the US have said for weeks that they will not trade until they know the name of the new President.
Technically the monthly, weekly and daily trends are open for a break on up or
downside. Where the DOW goes all other indexes will go as well latest on Wednesday early.
DOW weekly trend from 2007 all time high until now.
Monday will start with a steeper downtrend of the 8 MA at 13.322 which could be the stop for any trials on upside the whole week. On downside the first important support is at 12.974.
DOW daily trend with the rising 200 day MA as support line. The big head's bottoms are at the same points.
Technically the monthly, weekly and daily trends are open for a break on up or
downside. Where the DOW goes all other indexes will go as well latest on Wednesday early.
Monday will start with a steeper downtrend of the 8 MA at 13.322 which could be the stop for any trials on upside the whole week. On downside the first important support is at 12.974.
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