The weekly candle is a sideways bearish candle, small body with shadow. The MACD histogram formed the 16th bar above zero. Weekly ending at 27604. The market stays below the 28000 psychological resistance. The bull might be tired, but we never know how much gas left in its tank. Bearish candle pattern is confirmed, the market might test the 27000 support and trade lower next week.

This week the market move sideways. As written last week, TKM v1.2 had placed a Short entry on 14th September 2020 Open price, which is 27706, Cut loss at 28700 and Profit target 27000. We did not choose 28000 and 28300 as the CutLoss point because it is too near to our entry price. It might not has the best risk-reward ratio but that is how it is…

This order is still alive and holding.

Order status: Short DJIA 27706, CutLoss 28700, First Profit Target 27000.