DJI Sell Signal
Updated
After struggling all day I believe we have confirmed this will be down week for equities.
Note
My first trade from this idea was stopped outed over night with profit. The second trade from this idea was a scalp from the open today. I am now waiting for 27900 again and will enter with a position I can hold short overnight.Note
I almost got stopped out when the stop algos were run last night. My SL on this third trade was 3 dollars away from being exercised. Was very happy to see my position in the green this morning. I took profit on this third position early toay once the short term trend held on the 5 minute chart. I am going to stay neutral and see what signal Powell gives us here shortly.Note
I was watching the market and thinking... We have stayed up higher than I thought we would've the last 24hrs and with Christmas approaching Powell doesn't want to be the bearer of bad news right now. The market has a bit more room to eek out another ath and I am switching the bias to long for the very near term.
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