The Dow had a mini break of the long term bullish trend on Monday. We are getting confirmation of that now. We appear to have a short term channel forming, but it is a bit sloppy due to the increased volatility and market over reaction of late. Expect things to tighten up here oven the next couple of days, still very volatile, but with more precision, “tidier” if you will.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.