DOW

im still short...but should have just left my original positions opened instead of trying to be smart...lol...

Big picture,Monthly Dow chart with fibs & main trendline




Weekly Dow chart

I’ve already closed my shorts from earlier...now just trading in and out....as expecting a bit of rebound as it’s moved so much down...
Dow is respecting all technical tricks currently....I suppose that’s the only way to trade it when it’s like this...
I closed my shorts once I saw a hammer formed on the hourly and then waited to go long half way down the hammer...
Closed that long for 400 point profit.....then I went short...currently short but looking at going long again...lol

remo wrote: be careful with trading the dow as the swings are massive both ways so stops will be taken out easily if you try and enter.
Only for the crazy people...

yeah way too risky....
with the dow expect the unexpected....
wouldn't be a big surprise to see it close up imvho....
certainly not risking any of my cash finding out!

be careful with trading the dow as the swings are massive both ways so stops will be taken out easily if you try and enter.
Only for the crazy people...

you can click on chart to make bigger

The fib level to watch is at 24100 as that's the 23.6 fib level of the total bull market we have had, also the medium term trend line is at 24267 currently so they should hold the down move on a first attempt basis.
The main trendline is at 20700.
I suspect this downward move may stall at the fib level and trendline as that's got a lot of support there.

Support levels on the way down....25743,,,,,,25339,,,,24680,,,,,,24267 (trendline),,,,,24100 (23.6fib)
Now there are a loads of resistance on the way back up now created by gaps...

im short on the dow and will look to add to shorts unless something big changes things...cant see that currently