- breaking-down terminated the uptrend channel - breaking-apart revived the heal-and-shoulder neckline and penetrated it. - Lack of support could make these one-two punches fatal for DIA.
It look like a nice head and shoulder top for Dow was 37000, neckline 33000. So, minimum drop is down o 2900 which normally goes lower to 2800. My 2c. Good chart and make your own decisions
marketfellow
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@davidhedge, thanks for sharing. Yes. the head-and-shoulder with neckline breakdown is fatal. My downside target or support levels are 262 and 183.
davidhedge
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Agreed. Looks like going to break $300. Major support with Fed behind the ball. Closed weak and will see tomorrow