DOW

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!

I'm courious if todays selloff acrooos the markets has anything to do with UEFA Euro 2016, somebody taking money off the table

Anyone who has stayed short on the spread for so long, must be getting hurt by some heavy fees by now, let alone the rise!