DOW Cash Weekly chartDOW should reach the Yearly lows in August-September.... once lows are reached it will align with a quarterly timeframe from October that could see the first major reversal back towards the 3-month highs in all global Index Markets.
S&P Cash Weekly chart
Same expectation in the S&P:- August-September lows should align with the Yearly lows.
DOW and S&P Weekly futures
June breakout down into the July lows, supporting the market, and now the expectation is that US markets are moving lower into August lows.
DOW Daily chartsSlight difference in the US markets compared to the Aussie Market.
Price needs to be trading below the mid-point in August @ 11267, to begin the next wave down towards the August lows.
DOW 5-day pattern
Basically you want to be trading on the right side of the blue channel on Monday.
- Daily Trading Set-ups & Analysis
