The dow looks like it will turn bearish.
Mac- D is turning down and we are about to break down form the symmetrical triangle. A break to the upside which woudl ususally be the most likely probability looks like it will be rejected.
My personal indicator suggested two short entires on the pink and red candle in the 25k range.
I will be adding to my short positon at 24000 and looking for profit taking at 100 and 2000 sma. weighted toward the 100.
Stops will be above 25250.
Best.
Mac- D is turning down and we are about to break down form the symmetrical triangle. A break to the upside which woudl ususally be the most likely probability looks like it will be rejected.
My personal indicator suggested two short entires on the pink and red candle in the 25k range.
I will be adding to my short positon at 24000 and looking for profit taking at 100 and 2000 sma. weighted toward the 100.
Stops will be above 25250.
Best.
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this could also be shown as having already broken down
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breakdown confirmed
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Follow on Twitter @filbfilb