Short

Selling Dow. The Bounce is ... Unimpressive

By Bear2020s

Updated

Dow Jones continues to be weak. We have to be careful of strong corrective legs so we are best to use tight stops at this point, but these breaks and shallow corrections into new breaks seem like they may keep continuing. I am selling Dow and will probably add more sells into rallies.

My target is 25,900 for this swing.

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First significant support broken.

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Closing this. Selling higher.

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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.

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Taking my profits 26,230

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Very strong sellers. We've broken more supports. Looks like more down side. Still waiting on bigger pull back to get big shorts on.

Bear2020s

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