jthrasher
Short

Dow looking shaky on the daily currently

OANDA:US30USD   US Wall St 30
losing 50 rsi on the daily and looks like toppy hanging man candle formation if the daily were to end now. could end up being wick but we lost the 50% retrace level we previously brokethrough.

on the bright side we did pop back up into this descending channel . while still bearish , it could range up quite high. thought we would see a bit higher in the indices before a correction but may be stuttering now
Jan 14
Comment: thought this previously neckline may act as support when we broke through but looks weak. 15m
Jan 14
Comment: I don't put a lot of weight the the off-US hours trading on US markets but I do feel like late sunday/early monday seems to set the tone for the week. could have big buyback at U.S. open but seems to be decent trading
Jan 14
Comment: looks like it wants to bust out. 24055 nearest resistance and then I imagine the big resistance to be around bottom of that rectangle ~24215. if it breaks over that I think we test highs over coming month.
Jan 14
Comment: this is the resistance area i'm hoping to breakthrough. RSI taking back 50 on daily. Looks quite bullish. breakthrough here and we could test top of channel
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