The weekly trading session is about to close and the Dow is printing a nasty red candle to end the week, putting deep into bear territory - below daily and weekly support. This is looking more and more like the bottom is not in and we are in for new lows.
Hi...I think +/- 30k is the max low. DJ struggled to hold and go lower than this before. IF it drops below 30k in a strong way then maybe we see more downside.....
mwinmill
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@Laurent10, I expect some turbulence there. I wouldn't count out new low though. When you have a fake breakout like this it tends to swing violently the other direction.
Laurent10
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@mwinmill, I also expect (again) some turbulence around 30k.....and even lower, but I'm not 100% convinced.....time will tell. Also I do believe that some sort of RESET is necessary/due.....