There is a rising wedge formation (bearish) on the dow.
I will be looking closely at tonights action.
Could it be that we turn from today and continue down and keep going over the turn date of this weekend.
If I recall correctly last turn date we were heading up before and during it?
I am looking for at least one to two weeks of bearish moves.
I went short yesterday due to a few factors include the dow futures being below the magic 8000 mark. I want to be long if this was going to provide nice support. It's looking like strong resistance at the moment.
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