Inverse of the Dow. Dow may drop more.. I am seeing about a 15% drop on the 3 day chart. Our long term support is around the 21,000 dollar rang on the monthly. Sellers seem to be plenty full. Target for this trade is above 65 per share. IF the monthly is accurate $76.55 exit price.
This is part 2 of three views. The DOG are the short shares you buy if you think the DOW-30 is going to decline.
I wanted to look at the S&P 500, DOW-30, and QQQ to study Fibonacci time cycles and also to see of there were any bullish signals.
I found versions of bullish butterfly cyber patterns on all three, only, if DOG is bullish , the market would be in a...