The daily charts for the US indicies have this morning put in a spike down reversal day. There are two recent stand out examples of that pattern and what may follow, the first being our own low of 21 November and the second being the October low for the S&P 500 (and other US indicies).
So on the basis of that, I'm trading with the expectation that the next few days will be up in the US and that our market will operate on that assumption.
Tuesday 20th is also 60 days from 21 November low and a good chance for a high.
Even if the trend is still down from here that would be a great place for any counter trend up to stop.
So we should go up from here even if the trend is still down.
Having said all that, the Dow will probably drop 500 points tonight :)))))
fridays, page-11
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