Risk on both markets....

DOW 13411
ES 1494

Limit trading shorts above those levels because above those levels and expectation that the market won’t reverse or attempt to reverse down until the 3rd day (Thursday)

Trading shorts:- partial exits at support zones @ the 5-day 50% levels, move 2nd lots to breakeven. I don’t expect much weakness in US markets on Wednesday, but hopefully any continuation down is back towards the lower ‘blue’ channel on Thursday.

Last week we were using the 5-day 50% levels as ‘Sell’ zones and trend identification as the Weekly trend moved down. This week the 5-day 50% level are swing points and exit zones, or in this case partial exit zones...