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Dow Bulls Do Not Want To See Selling Start Here Says Joe Friday!

Courtesy of Chris Kimble

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 6-months.

Joe Friday Just The Facts Ma’am- If Dow closes out the month below the 33,000, odds increase that the Dow will experience more selling. What the Dow does at support, looks to be very important to bulls and bears!!!

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