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
Comment
⋅
Closed on low of the day. That's encouraging for the short :)