DOW Jones facing weak Ichimoku support

dow-jones-on-ichimoku-support-bearish

As previously highlighted that the DOW Jones Transport index has indicate a possible bearish trend developing

Yesterday’s DOW Jones closing low and just above a very thin Ichimoku support suggests that the support level may not hold.

On top of that, the leading Ichimoku kumo support is thin as well.

The chances of the index turning bearish is getting higher.

 

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iam802

Trend trading with Ichimoku