On the short term the dow retraced 50% of the first leg down and could look up the 61.6% level.
What the chart currently shows is that there is much more appetite in the move down then there is going up.
As long as this remains I remain on the bearish side.
What the chart currently shows is that there is much more appetite in the move down then there is going up.
As long as this remains I remain on the bearish side.