DOW E-mini Report 27th Dec part 2
Expected reversal back into the higher timeframe 50% levels, but Thursday continued down much further closing below all major levels that defined a 'bullish' trend.
This reversal pattern wasn't un-expected, as my view this week would be a 'down' tredning week after last week's higher close.
Even though the market has broken all levels, normally the next day would higher close (Friday)
Full report later..
Posted by
Frank Dilernia