Bounce up to 28,500 on Dow Starting to Look More Likely
Updated
I am closing my most recent sells on the Dow with a small profit and taking a short term buy position on it.
It's starting to look like a double bottom is forming, and we'll probably see this up a couple percent before there is strong selling.
It's starting to look like a double bottom is forming, and we'll probably see this up a couple percent before there is strong selling.
Note
Adding to this trade.Note
Dow looks like it will drop again. Very weak. All the pullbacks in the sell move being sold hard. Selling 26,700 and target 27,200.
Still waiting on a bounce before getting too heavy into selling, but I do not think we've bottomed out this swing yet.
Note
Taking my profits 26,230. Buying here for a bounce.Note
Dow is bouncing like a brick! We may finally be at the low in this now 24,750. Really strong sell coming, but we need to see a spike upwards to set it up.
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