Short
DOW30: Bears in the bushes, stop loss 23000
Stop loss set at 23000, engulfing resistance on the daily signaling downtrend. Rapid Break down possible passing 23000 zone if low resistance estimated levels are broken. Update and reassess following Monday close.
Note
Setting stop at 23146, seeing possible volume in before Monday open, signaling Bull trap, remain short with breakdowns below 23000Note
Support at 24993, 24747, and 24008. We may see it dive below the 23000 support zones if it breaks below the 24008 support. Small volume push looks like a bull trap following Fridays close and the last two trading days.Note
Major support at 25866
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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.