The Dow has basically gone sideways now for four weeks.
Possible pattern in play on the 4hr.
Have you noticed on weak days and being weak,
either the Fed or some other news just appears to save the day?
A claimed "death reduction" is no cure for all the millions of business and jobs obliterated and no return.
Perhaps there is no manipulation andf markets are free.....
If you trust and believe in ANY Government, you will get what you deserve in the end....they are the disease.
26800 ish is our major under the red line.
Price action can snake along this line and be perfectly valid, each touch so far has resulted in a counter move and fade.
This line is critical to the outlook.
Don't bet on a crash yet..we must wait for clear technical indications or "news" to justify increasing our short exposure.
Have a great weekend!
A short here with any 4hr close above this candle high is your exit.