Chart of the Day DJIA

DJIA bearish shadow candle rejection

DJIA has tested strong upside resistance confluence 28700 level and is being rejected so far. This is opening now a possible swing down to 28250 and a beginning of a corrective move. Only a daily close above this confluence level will lead to a strong upside breakout and an extended upside move.

ARMAT trading system is neutral

Note: look for the short trade entries when the market opens tomorrow with the stop loss above the 28700 level.

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