Dow Short Entry Pivot Possible 7-11-18
0709: +320; 0710: + 140; 0711: +60? Can they bull it through 25K? Maybe we get a shooting star Doji for short signal on Wednesday. Will soon see.
Earnings season incoming: they bought the rumor, will sell the news. Runup in banks based on earnings expectations. Tech already tanking; hanging man Doji on Nas.
Divergence in NDX +0.04% Dow + 0.58% SPX +.35% = "Flight to quality" Sold calls to close and bought some DIA 250 September puts today at 24940.
Short entry probably safe close to or above 24980 if we see that on 7-11. Support for Elliot wave C at 23800.
Expect a lower high in August before possible big break in September. Look at the '1987' chart posted last week- fits like a glove.
Good luck!
Earnings season incoming: they bought the rumor, will sell the news. Runup in banks based on earnings expectations. Tech already tanking; hanging man Doji on Nas.
Divergence in NDX +0.04% Dow + 0.58% SPX +.35% = "Flight to quality" Sold calls to close and bought some DIA 250 September puts today at 24940.
Short entry probably safe close to or above 24980 if we see that on 7-11. Support for Elliot wave C at 23800.
Expect a lower high in August before possible big break in September. Look at the '1987' chart posted last week- fits like a glove.
Good luck!
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OMGosh Dow Futures off 250 at 10PM EST- game on!
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Yeah that was PDQ. Wonder whether bulls will try for another run-up but probly not before going into the weekend with Xi response to Donald in the works. Could be the end of reactionary wave B but need to see a few more sessions to be certain. Be careful!
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25025 looking like near-term topping. Get confirmation Monday
