Stock Markets Analysis and Opinion
Dow Bulls Do Not Want To See Selling Start
2022.04.22 18:26
Could the 2007 financial crisis highs and the 2009 lows impact prices 15-years later? We will see!
This chart looks at the Dow Jones Industrials on a monthly closing basis. We applied Fibonacci to the 2007 highs and the 2009 lows. The 423% Fibonacci extension level looks to be influencing the Dow over the past six months.
If the Dow closes out the month below the 33,000, odds increase that it will experience more selling. What the Dow does at support, looks to be very important to bulls and bears.
