A down week for markets and the Dow finishing with a green doji, slight positive bias.
Expect some form of bounce tomorrow into mid week, we either bounce from here or slice through the red trend line.
Chinese real estate woes are a harbinger of global contagion about to implode.
Rate hikes are feeding through the system, loan defaults are surging, the Fed will be the villain.
Any breach close below this line is your best sell signal and mirror of 2008 GFC.
Appreciate a thumbs up, good trading and God Bless!
Expect some form of bounce tomorrow into mid week, we either bounce from here or slice through the red trend line.
Chinese real estate woes are a harbinger of global contagion about to implode.
Rate hikes are feeding through the system, loan defaults are surging, the Fed will be the villain.
Any breach close below this line is your best sell signal and mirror of 2008 GFC.
Appreciate a thumbs up, good trading and God Bless!
Comment:
Critical the Dow moves up from today's close at 34294, otherwise a down day tomorrow will be a break of the five month trend.
Top is likely in and drama coming.
Top is likely in and drama coming.
Comment:
Today was your confirmation mother sell.
The truth is coming out.
The truth is coming out.
Likely up move for a day or two from here.
Classic sell setup coming.