US report 12 November part 2


DOW

Overall trend is down, as it heads down into the November lows.

Monday there was no major set-ups other than using previous 5-day lows as trend Guides (previous report)

Early rise from the 5-day lows @ 12993 and back into the previous 5-day lows @ 13158 before reversing back down into the 5-day lows as is follows the overall trend.

At this stage most of the intra-day trading will be the same for day traders as it follows the overall trend of the market and traders have to simply trade on the side of Risk....

Full report later for Tuesday's trading...