DJIA has been in a strong uptrend since the first quarter of 2009. During this uptrend, it has gained more than 300%. We all know that corrections are a part and parcel of stock markets. It has been 9 years since the Dow saw a major correction.
As per my analysis a major correction is due and has already begun at the start of this year.
I think this is just another opportunity to earn money.
Here goes my trading signal for the DJIA futures.
Short Entry: 24300
Stop Loss: 24700
Risk Reward Ratio= 1:5
After touching above mentioned target, the index is expected to recommence upwards journey and surpass the high of 26600 achieved in January this year.