XJO 0.58% 8,091.9 s&p/asx 200

There is a rising wedge formation (bearish) on the dow. I will...

  1. 1,361 Posts.
    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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