DOW

Ronmould wrote:

Ronmould wrote: Up to circa 18000 > pullback > pump > June 23 > dump > dump > dump

:whistle

...that should have been

Ronmould wrote: Up to circa 18000 > pullback > pump > June 23 > dump > dump > dump

:whistle

Not looking pretty...
im gonna short on the back test of the 200ema. if it gets there. 17400 area is where the 200ema is currently


dl.dropboxusercontent.com/u/4899609/dow27thjune2016.png

Im planning on going long on the dow on a first attempt of the 200ema during market hours only.
This level currently is at 17385. Im gonna use 40 points stop.This will be a short term trade so will close pretty quickly as expect the markets to go lower .
If it punches through the 200 ema then this will tank. I will go short on the back test a few days latter if this happens.


dl.dropboxusercontent.com/u/4899609/DOW16THJUNE2016.png

Dow daily

uk.advfn.com/p.php?pid=chartscreenshotsh...hbrnSDy4QAlr15/SvGQ=

see the action in the red boxes??
almost identical. like a fractal.

The most logical, especially when you take into account other technical's is down(like h&s top etc)....it's taking its time, and testing patience, but it will crack, regardless of what happens on the 23rd imho....

wdik, dyor.
Trendfriend

Quite a vivid imagination there MM!