The_Unwind
Short

Dow Futures Close to Confirming" Bull Trap" Reversal

CBOT_MINI:YMZ2018   E-MINI DOW ($5) FUTURES (DEC 2018)
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I have suggested that you focus your attention
on the DOW INDUSTRIALS, because the Pattern
in place is much easier read and therefore understand
it's significance.

On 12/3,/18 i also suggested that you watch YMZ Dec.18
Dow Futures 25810, as a Break below that level would be the
first significant hint that a Downside Reversal was brewing.

It certainly did not take long for that idea to pan out.

Overnight trading in DOW FUTURES on 12/4/18,
shows not only a break of that trigger point 25810,
but also a break below the 12/3/18 LOW of 25685.

Bottom Line:
A Close Below YMZ 25685, on 12/4/18,
would CONFIRM a BULL TRAP REVERSAL in DOW FUTURES ,
and could also at the same time also confirm
a BULL TRAP REVERSAL in the DOW INDUSTRIALS,
on a CLOSE BELOW DJI 25670.

DOW FUTURES YMZ Last 25692 -154

THE_UNWIND
12/4/18 520 AM
NEW YORK

Comments

good call my friend
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as i said, words full of wisdom in your last analysis, particularily the "pundits things" and the "i had to switch off my tv". sometimes the biggest and most obvious the trap the most efficient it is on the market. bulls never learn the lesson
Reply
Fantastic call today. Aided by some bad news coming out of Brexit. But really you have a great eye for the subtleties in this market. Grateful for your insight which I read daily.
Reply
Excellent analysis
Reply
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