The dow is gapping up Right under its 50ma this morning.
The 50ma is at 35035
If it breaks over that
35100 (Fib ) then 35146( megaphone) are the next targets or resistance.
If the dow cant get over then 34865 , 34,662 is next support.
I wouldnt short here unless you see a clear rejection from megaphone resistance. They might keep this hovering until Apple event on tuesday, which could mean a flat or green monday
The 50ma is at 35035
If it breaks over that
35100 (Fib ) then 35146( megaphone) are the next targets or resistance.
If the dow cant get over then 34865 , 34,662 is next support.
I wouldnt short here unless you see a clear rejection from megaphone resistance. They might keep this hovering until Apple event on tuesday, which could mean a flat or green monday
