Notice the close right on the number for last day of 2017. It seems like it wants to enter the alternating down/up/down type patterns in this high volatility chop. Was looking for the down move to continue when it broke below 2700 in early afternoon, but it entered that wild chopping zone instead.
Don't be surprised by a drop below 24k on the Dow...lots of talking heads are saying buy the dip and that the worse is behind....no way is it behind us, it's just getting started!
Usually fading that kind of talk will end up profitable. Just thinking of Ray Dalios statement just before the crash... haha