Is Dow on brink of collapse?

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

Target: 22700

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.

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