DOW Shifts Downwards

[private_GANN TRADING GROUP]

The DOW Stock Index Has Shifted Downwards in Trend

Today’s price action has shifted the momentum for the DOW to a downward trend for, at least, the short-term.

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Should prices continue their present weakness, there’s a good deal of buffer for price movement with the DOW support favoring 17,125 initially should prices weaken further.

Should prices drop further, we can expect that 16,550-16,600 will contain the long-term trend momentum upwards which we’ve enjoyed for years now. If prices break below these numbers however, a much greater shift downwards in prices will be indicated. – George