$DJI $DIA $SDOW Christmas Eve Lows On-Deck
I went short one dow future in my margin account this AM near the 3 minute peak.
The Dow Jones's Weekly RSI is Turning Down From Overbought Territory. I went short one DJI future last week which did well. I opened an SDOW position in my 401k which got stopped out around breakeven after the overnight rally extending into Friday's daytime rally. I went short another future Friday at $23410. The US central bank has stopped quantitative easing...
My analysis is lengthy to explain, please look at my previously posted charts to see accuracy details.
The Dow has had a good run so far but i think a 200 point down day is just around the corner.I don't see the dow making past 19150 with out one major pullback.The indicators look pretty bearish.
Today, we saw the break and hold below of an important long term trendline in effect for months leading up to now, as well as several strong points of support. Rationale for short: - Break of lower bear flag channel trendline & hold - Successful retest and rejection of trendline. - Broken support at 206.80s and 206.00s - Huge bull rally immediately and...