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DaddySawbucks
Dec 13, 2018 1:25 PM

US 30 Bear Flag Breakdown: Expect Rally to Fail Short

Dow Jones Industrial Average IndexDJ

Description

Typically after a flag or pennant breaks a rally sets up to retrace the breakdown and is rejected from lower trendline.

Extreme bearishness is prevalent. Expect Christmas Crash. Sorry Santa!

Just an idea, not investment advice, GLTA!

Trade active

Surprising support Thursday will it hold up Friday? Futures suggest Nay... GLTA!

Trade active

Hmm drop came a day later... silly chart!

Trade closed: target reached

HIt 253.5 in Monday trade, look for a bounce off this level; Fibo .50 = +675, .62 = +837 >24 from 24361 > 24136 - 24200
Comments
PeeWoo
Why 15 min chart? Why not a bigger picture?
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