1. See the price action around the Support lines and Trend Lines. 2. Price got rejected at 20 MA twice on a Daily Close. 3. Frequent Testing of Previous Support Levels 4. Earning Seasons - Meh, Storms Brewing In the marked Area !! 5. Clouds in this area needs to dissipate Quickly , meaning Run upwards !! 6. More Inclined to think a Violent break of the Support Zone and a Sudden Run to 22800 ( TGT-2) as predicted earlier.
Be prepared for this. Dont be Uptight , see the Previous posts on Dow Jones and hit the play button. Then Post a LIKE :)
*** Bullish Scenario : Strategy to go long- will update if it manages to close above 20 MA.
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Not Quite COnvinced on the bounce we saw today. Lets see how the trading goes today.