Dow 30 – 03.07.2017

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Markets have been flying and putting a big smile on investors face recently. One should ask the question though; have markets been extremely overheated now??

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First half of the year has been very similar to 2008, constant rise in the markets with a new highs (almost) on a monthly basis. By all means we don’t mean a scenario like 2008 but its time to be careful.

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We believe a rapid drop on DOW30 is on the corner. Our initial target price is 21150. There will be a weak support there. Should the drop gets weaker, we will see 21000 level.

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This cannot be considered an investment advice!!!