View on Dow Jones

[somnathmukherjee82]

Dow Jones Industrial Average slowed down its pace today by making minor gains. The index closed at 11382.09 with a humble gain of 19.68 points. As per our proprietary signal, traders are advised to remain long in the index. Please keep in mind the Weekly Camarilla Levels. Daily Camarilla Levels for the next trading session are as follows :

H5 11511.22
H4 11452.48
H3 11417.28
H2 11405.55
H1 11393.82
PP 11382.09
L1 11370.36
L2 11358.63
L3 11346.90
L4 11311.70
L5 11252.96

 

[jezek5]

Hello heres my view on the dow.
Until today i thought the dow was looking a bit toppy,now i have to wait.
I feel with short interest at a 2 year low,"we all know what happened 2 years ago"or so when this wall of worry started to build.
For me i need a daily close below 11612 along with several other things i look at to go short.
I see a move down to 11420 and even 11353 but i feel inflation or the ppt will keep it from going any lower,from there we could get a nice strong move up with lots a nice shorts to fuel the move.

 

[jezek5]

Might be setting up,we're at the 11612 trigger,now it's time to watch the PA,although something else has come up that has me thinking that i might need 11580 to start a down trend,looks like we need NFP out the way first.
I'm sure you must be thinking why didn't i just go short higher up,but for me we're still at risk of a breakout to the top side,risk really has to be on your side,no matter what happens between now and Friday i'll be watching but not trading this till next week.