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.
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[/private_GANN TRADING GROUP]