no more cowboys; they know this under 200 DOW. what we won't test that?everyone is looking at this. fade this S 1855.75
For next week I got this... Double bottom supported by 1 bar histo in DJIA daily. I will most likely place an upside bet to take advantage of that quite likely swing, keeping short bet on.
I was looking for nuances in the tick pattern towards the close. Someone was propping up prices towards the close. There were huge bars down and slow methodical crawl back up. Its as if someone needed it to close at 1860. 1860 is the near term trendline coming from above. I figure some follow through is in order since we closed at the highs. The only thing that can continue to weigh is the macro picture and reversion to mean trades in oil. Oil went up on rumor and most likely will retrace its gains till the rumor is confirmed. Yen same thing as oil, long term its headed for 80 usd/yen.