DOW

Yep....gone crazy.....I had to close my shorts for a big loss....then reversed to long.....
It looks like it’s heading towards the 61.8 fib....I will look to short at that level now...and not before..,
Serious strength in the markets.......

longterm_view wrote:

chief66 wrote: Heading very close to 22770

If it closes below 23300 would it correct to assume a bearish signal down possibly to 21000?,

Looks like a H&S to coincide, with TF’s support line.

I'll hold on for now....

Massive Spike some +700 points on the Dow after the close.

markets like death and disease. who would have thunk it!

chief66 wrote: Heading very close to 22770

If it closes below 23300 would it correct to assume a bearish signal down possibly to 21000?,

Looks like a H&S to coincide, with TF’s support line.

Heading very close to 22770

If it closes below 23300 would it correct to assume a bearish signal down possibly to 21000?,

Nice chart trendfriend.

Libero wrote:

longterm_view wrote: Is this the start of the wave 5.

up or down?

Sorry, wave 5 down.

I believe we are in wave 4, I think we have topped out and this is the start of wave 5 down, the last in the move.

Then I will get off my hands, (they are going numb) and start buying.