Dow...Dow...Down

Updated
August 8th printed an outside reversal. Tensions heating up with N. Korea and possible military event this weekend 11/12th. Shorting DOW by using SDOW with a stop above the DOW's highs of August 8th.
Note
A nice gap down today. Weakness for sure. We just need a daily close below the upper lines. The lower line marks some weekly closing resistance, but I do expect a sell off into September. RSI pointing lower as well as some confirmation amongst other indicators that I don't have showing on this chart.

Trade well!
Note
Nice reversal in price action today. Keeping it simple shows lower highs and possibly some lower lows coming soon :) Lets see how we close. Looking to hold this short into September
Note
New lows
snapshot
Note
Closed on low of the day. That's encouraging for the short :)

snapshot
Note
snapshot

A close below 21665.29 today will be bearish

Weekly we need to break 212279 into September
Note
Some areas of support and resistance to watch

snapshot
Note
heading lower...

snapshot
Beyond Technical AnalysisChart PatternsdowjonesTechnical Indicatorskoreanorthshort

Disclaimer