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Dow...Dow...Down

Short
Dow Jones Industrial Average Index (TVC:DJI)  
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TVC:DJI   Dow Jones Industrial Average Index
Chart Patterns Technical Indicators Beyond Technical Analysis dowjones short north korea
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chartpattern indicator beyondta dowjones short north korea
August 8th printed an outside reversal. Tensions heating up with N. Korea and possible military event this weekend 11/12th. Shorting DOW by using SDOW with a stop above the DOW's highs of August 8th.
Comment:
A nice gap down today. Weakness for sure. We just need a daily close below the upper lines. The lower line marks some weekly closing resistance, but I do expect a sell off into September. RSI pointing lower as well as some confirmation amongst other indicators that I don't have showing on this chart.

Trade well!
Comment:
Nice reversal in price action today. Keeping it simple shows lower highs and possibly some lower lows coming soon :) Lets see how we close. Looking to hold this short into September
Comment:
New lows
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Comment:
Closed on low of the day. That's encouraging for the short :)

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Comment:
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A close below 21665.29 today will be bearish

Weekly we need to break 212279 into September
Comment:
Some areas of support and resistance to watch

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Comment:
heading lower...

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