I'll make this short and sweet. The black hole, located below big number Dow 25000. is at 24883 not far away after 3pm EDT, in the last hour of trading on 5/29.
Big money,institution's,or computers will all be in lock step, programed to Buy Support at Dow 25,000, that is,.. until/if.. the Dow fails to hold 25000, and then 24883, Critical 4 Hour Pattern Support, the 2/8/19 Low on the Close.
Then ,if that should occur,the entire thing will be reversed.
Simply put,if the Dow Closes measurably below 24883 Caution ! Dow Industrials will be then entering the Black Hole.
THE_UNWIND 5/29/19 NEW YORK
Comment
⋅
Dow On The Cusp of The Black Hole is Part 2, of a similar Dow analysis I have done. I had posted a similar post earlier this month.
Today's last hour rally in the Dow shows that big money buyers, once again rescued the Dow from the brink, the second time that has happened this month,
In the fullness of time, that rescue could prove significant.
In this example,
price would decline into an uncharted, and more importantly
unsupported price area where pattern support breakdown is such
as downside risk is unknown, or "a black hole"
My own interpretation.
I hope that helps.