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I have the Dow as S4L today.
US markets are half day holiday so we
cannot get for full sequence of pts.A decline then rally seems right.
Low volume could expand the range.
Never give up, never surrender.
My seaweed says watch out for a Thanks Giving
hangover next week !That project is price bearish for next week.
My timing project has some odd pts for next
week which could be ‘trouble’ for Dow cash.Taking both price and time it does look like the bears
will come out to play next week.Tuesday 3rd and Wednesday 4th look the most bearish.
Warning … these are new projects for 2020 and as
such need further work and much more testing.Never give up, never surrender.
Today a Dow cash gap down and rally seems right.
Half day after the holiday price and time tends
to go out the window.Never give up, never surrender.
Small short Dow at 28100 … stop tba … limit tba
Will add the 2nd half if we tag 28200.
Not the best entry but I am happy to get a seat
on the train and will hold over the weekend.I expect my risk will be rewarded next week.
Never give up, never surrender.
For Dow I see the possibility of a small drop to around 28050 as a 4th wave before popping higher towards the target area of 28,289. Coincidentally (or not) 28,050 is where the futures printed last night.
We did indeed get the drop to 28,050 which I see as an expanded flat small 4th wave. The small correction was enough to maintain divergence in the RSI and MACD on the daily.
Now we need to see if the Dow can find an excuse to pop upwards to the 28,289 target area. It will need to be quick with a sharp reversal, or slow via an ascending wedge.
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