there is one of Martis's world famous broadening formations on the 15 min DOW chart starting last friday afternoon. A move down to 8850ish, even intraday, would confirm it and may be signalling a bigger move down.....
....but also do not discount the fact that if the DOW could find support around 8600 it may just be having a touch of the bottom of an ascending triagle so another leg up could still be on the cards for this rally....albeit a weak upleg as we are gettng closer to the pointy end of the triangle.
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Last
8,193.4 |
Change
-62.200(0.75%) |
Mkt cap ! n/a |
Open | High | Low |
8,255.6 | 8,255.6 | 8,139.1 |
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