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.
تعليق
⋅
First significant support broken.
تعليق
⋅
Closing this. Selling higher.
تعليق
⋅
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.
تعليق
⋅
Taking my profits 26,230
تعليق
⋅
Very strong sellers. We've broken more supports. Looks like more down side. Still waiting on bigger pull back to get big shorts on.