Lightening up, taking a little proffit.
Dow acted very predictably again yesterday, bouncing of the illustrated orange/green cross.
Currently sitting a just under resistance at 24050.
As noted yesterday this is a pivotal area, failure here could retest the recent low of 18213. and eradicate recent gains.
A break above, is likely to return to 24050 in consolidation before ultimately moving higher.
Given the current uncertainty, and perceived opportunity for a second entry after a move up, there is an opportunity to position regardless of outcome and react to confirmation.
Currently sitting a just under resistance at 24050.
As noted yesterday this is a pivotal area, failure here could retest the recent low of 18213. and eradicate recent gains.
A break above, is likely to return to 24050 in consolidation before ultimately moving higher.
Given the current uncertainty, and perceived opportunity for a second entry after a move up, there is an opportunity to position regardless of outcome and react to confirmation.
