DOW

Not too much damage yet, expect the month of sept for markets to start rolling & churning- i.e lower lows and low highs, damage will come in oct. a daily close below the dotted line will give the 1st clue, if it does, then expect a bounce n drop.

Dow filled its gap now we have 2 below as targets for int C for now, dow still remains 3 corrective trends and remain in a bear.

1,618 ext dow hit today from lows.

Imo the top is in, needs to see more, support broken, bounce to be weak, etc but sept 03 2020 n sep 1929 rhymes.

1st time in a while - i am short.

Good luck

What a beast of a rally, this.

Sure, the Dow has been slow to the party, but it's going strong (I know, I know, wiser heads will tell me the fall is coming; let's see).

I thought about shorting it as the gap was filled, but I'm glad I didn't, as I would have been cut to ribbons.

watch that megaphone though!

(chart courtesy of Sven Henrich)

https://ibb.co/g6MxB7n

Stay Safe Out there folks, and in these insanely illogical markets.

DJI Index - Critical support and resistance on the Daily chart

The Index is currently attempting close above the critical support level at around 28134.70 in the Daily chart as we head towards the end of the Tuesday session.

The Index needs to remain above 28134.70 to continue to its next major target at 28842.20.

Major support at 28134.70, 27697.50, and 27421.55

Major resistance at 28404.95, 28842.20, 29112.45, and 29549.65

Spx 3428 +/- 13 points is a big number - watch it closely... if any place for a turn this the place - spx is looking impulsive now in confirm bull uptrend. ( if it's B then -4% or +1% of previous highs for an irregular is still valid) or else this is a start of a new bull with Wave 2 PB to follow.

dow is playing catching up - watch that gap - dow still looks corrective- 3 trends - could start to impulsive.

all eyes on dow now....

stay safe and trade well.

WS

With lines