Dow Jones is trading inside a Channel Up and is currently very close to its top. So far the bullish wave is a +8.03% from the last Low. The previous bullish wave topped after a +8.33% rise. Technically the index is very likely to top now or on the next MA50 (4h) rebound.
Trading Plan: 1. Sell on the current market price.
Targets: 1. 42000 (above the 0.5 Fibonacci level, where the last Low was priced).
Tips: 1. The RSI (1d) just crossed below its MA trend line. This was the ultimate sell confirmation (September 3rd) on the previous High.
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