Dow Jones Looking For Next Higher Low Sell Off
I had anticipated that Monday was going to be the high in my previous post. I initially thought it was going to pullback a little bit higher before a sell off but today it based lower and then sold off.
I am still bearish short term and will be looking for the next higher low to position myself short at least down to 39,650 to take out that small range back on May 14th
Funny how price is floating above that low just waiting for it to be taken out.
The average weekly candle on the Dow is 937 ticks.
That will place the low somewhere at 39,250 area, roughly.
I am still bearish short term and will be looking for the next higher low to position myself short at least down to 39,650 to take out that small range back on May 14th
Funny how price is floating above that low just waiting for it to be taken out.
The average weekly candle on the Dow is 937 ticks.
That will place the low somewhere at 39,250 area, roughly.
