DOW Futures 7th MAY 2009 recap

"DOW still short @ 8525 of MAY highs

As pointed out, a lot of markets are reaching their MAY highs at the same time...

Wednesday breakout expectation of a push up into Thursday's highs

I would look for a reversal down from these levels"

Premium Report



DOW Weekly and 5-day pattern

Same pattern on all markets, reaching their MAY highs and reversing down from Thursday's tops back into support.

Support still holds strong.

I'm expecting a reversal back down from these highs, but it needs to break and close below support


Posted by