Thank you for taking the time to read my idea, your support is appreciated.
The Dow has basically gone sideways now for four weeks.
Possible pennant pattern in play on the 4hr.
Have you noticed on weak days and futures 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 resistance area 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 bearish 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!
The Dow has basically gone sideways now for four weeks.
Possible pennant pattern in play on the 4hr.
Have you noticed on weak days and futures 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 resistance area 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 bearish 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!
Trade closed: target reached:
For those who are considering a short, the market has touched off our area of resistance.
A short here with any 4hr close above this candle high is your exit.
A short here with any 4hr close above this candle high is your exit.
Trade closed: stop reached:
Exited and switched LONG.