DJI 30 Jul


New pivots for next week show we will open above the weekly pivot , giving a bullish bias for the week ahead. However there is a negative divergence on Stoch and a bearish candle printed on Friday so some chop and a pullback to the weekly pivot before a further rally is my preference. 25800 is the key level to close above this week. August is historically weak and although I expect a move lower soon, i’m waiting for price to confirm before going short. BTFD until the pivots break.

By admin