via $INDU – Daily Candlesti

Huge drop with volume increase. That is a clear sign for bear. But I am expecting a buy in on monday. Because it hit the 20 EMA and the weekly MACD is still looking good. So, it is still a bull market. But the chance are the data from this week can turn into bear. With the market so extended for the last couple weeks, it is just so dangerous. Monday is a day to watch, if it is a bull day, i think we can still long some, if not, llet’s get into some short ETF.

Advertisements