The weekly candle is a sideway bearish candle, small body with a tail. The MACD histogram formed the 17th bar above zero. Weekly ending at 27029. The market stays above the 27000 psychological support. The bull might be tired, but we have seen the buyer did attempt to buy the dip. Bearish candle pattern is confirmed, the market might test the lower support and trade lower next week.

This week the market moves lower. TKM v1.2 had placed a Short entry on 14th September 2020, the order is still alive and holding. We have not booked the profit but we had to change our trailing stop to 27706(entry price) to protect modal. Yes, we could have taken profit on the first profit target but like we stated last week, because of the market is weak and we are trying to maximize the gain on this wave with minimal risk (protecting modal).

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