- Dow Jones is moving away from the 50 week moving average. If the week closes at these levels or lower than these then surely going down to sub 9000 levels.
- We can clearly see a rising wedge in this weekly chart so according to this pattern Dow should go down much lower than 9000 levels.
- But there is a crucial support between 9700 and 9800 let's see if that holds. Bulls will be hoping for that but when a bear market sets in these number just don't work.
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