Equity Market Observation 08.07.22
Follow up on earlier observation, Dow Jones tested the first FiBo support 23.6% and had as expected a bounce, technically we still estimate to see the test of next FiBo support 38.2% around 25,000, that match with the rising trendline back from 2009 that’s coming in around 24,000. Again just an observation.
*Market Observations are NOT trading recommendations*
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