Potential Dow Futures Blow Off Top Open 8/2/17
E Mini Dow Futures for Sept 2017 SPIKED in a BLOW OFF MOVE ON THE OPEN of Trading for 8/2 Session tonight,
hitting a high of 22025 immediately upon the open, on Apple's better than expected results after the close on 8-1
Price has since fallen back below 21950 this evening. The Dow Futures 30 minute chart shows a clear large price spike bar in place.
I view this as a potential exhaustion move at the Open on Dow Futures, setting up the possibility of a BEARISH REVERSAL.
The_Unwind
hitting a high of 22025 immediately upon the open, on Apple's better than expected results after the close on 8-1
Price has since fallen back below 21950 this evening. The Dow Futures 30 minute chart shows a clear large price spike bar in place.
I view this as a potential exhaustion move at the Open on Dow Futures, setting up the possibility of a BEARISH REVERSAL.
The_Unwind