Dow Jones Industrial Average, is it time to sell?
As you know, Dow keeps on touching on the all time highs with the support of the USA high employment rate. So can we expect new all time highs?
Our answer is, NO! Especially with the expectancy of a FED interest rate increase and the upcoming elections (markets don’t like uncertainty) we believe it is time to take a profit and wait a bit.
Although there could be minor jumps on the market, we are in a very risky position right now. According to our analysis; Dow will experience a sharp fall to 17700 – 18000 level. At this point we will review the position of the market and publish a new article. Until that point we will not open a long position in the market.
This cannot be considered as investment advice.