The Dow
Further to THIS POST HERE there has been a nice solid rally off that support where I took profits at the ideal support location for my YM swing short MENTIONED HERE. You’ll recall I covered into weakness during a 5th wave down (click here for chart).
Vector closed bearish last night and the swing bias for me is short, and I’m patiently waiting for intraday Vector to signal. At time of writing the bias is scalp long but is yet to actually generate a signal.
At this time I would not recommend establishing swing long positions at current levels. Being earnings season there is always a possibility of poor results announced and a gap down in the market tomorrow.
Make ‘em pretty dudes.
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