DOW S&P Trading 29th July 2008 Recap

The pattern I favour is a down move into the 5-day lows and support.

If that plays out early on Tuesday then my view is a rotation back up into the Weekly 50% level, which might occur late in the day.

Trade on the side of the blue channel:-

Yesterday's report


DOW Daily and 5-day pattern

Yesterday I was looking for a push down into Support and then a swing into a higher Daily close on Tuesday....

Trade on the side of the blue channel:- and Tuesday moved higher, closing higher.

Tuesday's trading has formed a 'hook' daily pattern back over the Weekly 50% level.....

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