But it's not often that you get 4 days down in a row in a Weekly trend and expect the last day of the week to continue down.
Trade on the side of support up towards the 5-day 50% level and exit.
If Friday ends up a higher daily close, then the move down towards 7250 be part of next week's trading"
Premium Report
DOW Weekly and 5-day pattern
DOW completes the move into February's lows @ 7250.
There was an expectation that Friday's lows would support the market with the view that any support would continue down into 7250 next week.
Except during the trading day the market broke that support and pushed the market lower completing the move down.
Read Weekly Report
- Daily Trading Set-ups & Analysis
Posts
