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Monday, March 12, 2018

#DowJones Technical Analysis: No Need To Hurry

Since the two-week sell-off Dow Jones and S&P 500 Index isswinging up and down. The Dow Jones shows a symmetrical correction triangle. At its upper edge at 25,435 points, the index bounces down today. The longer the Dow moves to the top of the triangle, the less likely is an breakout to the north.

But let's just wait to the breakout. Bullish would be a dynmatic breakout over 25.510 points. Should the index fall below 24,215 points, the medium-term chart picture would deteriorate significantly.

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