DOW Futures 23rd June 2009 recap

"We have a Monday breakout that should extend down towards Tuesday's lows.

The ideal pattern would be to see an early rise up into the 5-day 50%level and short trade down into Tuesday lows"

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DOW Weekly and 5-day pattern

Price continued down into Tuesday's lows, but not how I wanted it to.

Preferred set-up was to see an early rise on Monday in the breakout and 5-day 50% level and once again short trade the move down.

At this stage DOW is looking to move down towards 8120.



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