DOW

Trendfriend wrote: Still no sell signal imho.....Getting closer to a lower low..let’s see
It’s all going to depend on the second wave of the virus in US...

scalping all the way for me - I'm not holding anything longer than 30mins!

This makes me a sidelines guy for the most part.

I think the floor (range rather than a line) has been artificially set by the powers that be, and it will take an almighty mass "I want to sell, give me my money!" call to shake this baby hard (as in sub-24000)

Not sure about a second wave in the USA. I think they are still in the first wave - the curve hasn't Delta'ed sufficiently to call time on the first wave.

It's just going and going and going - still dangerously high; and because they (like us!) tackled it badly from the start, it becomes impossible to keep people locked inside for the summer.


I like most folks, am just watching on tender hooks.

Still no sell signal imho.....Getting closer to a lower low..let’s see
It’s all going to depend on the second wave of the virus in US...

longterm_view wrote: Massive down day today.

Is everybody on the beach?

I'm here; but difficult to scalp and type.

looking for a short term reversal to the upside (a double bottom on the five minute charts)

but would like to see a healthy correction - again liking is one thing, whether it happens is another.

Massive down day today.

Is everybody on the beach?

really enjoy the inputs here - and great charts as usual!

You know, I stumbled on a chart recently - it's not trying to call the future, nor judge the madness of the moves these markets have been making.

Rather, it's simply a overnight sessions vs open market action of the S&P.

It is scary.

(attached)

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...8HDcF4oKNk9QYzFiI%3D

this closed bang on 2 key levels the 20 and 200 day ema lines....
will gap below today?

seems to be coming down albeit in a controlled way....
the rsi should give the clue here....want to see how it opens today.. if the rsi makes a lower low it could well be the signal to short imvho....

atb, wdik, dyor,
trendfriend