Friday:- "Simply trade on the side of the blue channels"
Friday's Report
DOW Daily and 5-day pattern
Friday pushes down and the blue channel caps the market, and then find support around the Weekly lows.
DOW completes the move down into July's lows @ 10995.
As mentioned in the Weekly Report, the first sign of a bottom after reaching the July's lows is a break of the 5-day highs, and price moving above the Weekly 50% level.
Weekly 50% level is now lower than last week's highs, so it won't take much for the DOW and other Markets to begin a counter-trend move back towards the 3-week highs.
Please Read the Weekly report
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