sumastardon

Dow Global Support from old highs holding up so far

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INDEX:DOWG   None
6
Dow Global - we're short of this and quite a few major market indices going into the long weekend and looking for about 0.4% further downside on Sand P to 2322. Would like to trap in profits on all shorts looking for a near term bounce from 2638 at lowest on this index. There is support potential right here and up to 0.4% lower on this important but neglected index - same as the S and P. So we need to get ready to close down shorts around the open and go long for small bounce to 2666 on this index before it comes back to retest the recent low again. Only if 2638 on Global Dow gives way will the next near term short get triggered looking for a more substantial 3.5% fall back to 2575.

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