sp'15min
Dow, daily
Summary
...its nice to have a market that is 'behaving' as projected.
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Well... we're getting kinda close now....
If we can break <1916 today...that'd open up the lower end of the target zone.. 1905/00.
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Regardless.... on track.
2.11pm... 40pts to go on the Dow... but a 'BRIEF' break of the 200 dma is entirely fine.
Hourly MACD cycle should floor 11am tomorrow.... I'll go long then.
2.13pm.. Are we having fun yet?
I see a LOT of traders finally starting to awaken.. after what was a pretty quiet start to the week.
Dow -180.... 50pts to go
2.26pm... a VERY vain attempt at a nano count...
Maybe a Wed' minor gap higher...but weakness to 11am.. 1910/05...
2.35pm... typical turn time... but I'm guessing another wave lower (if minor) into the close... 1910 is viable...opens up 1905/00 by Wed' 11am... which is prime buying zone/time.
2.44pm.. no real buying pressure.... set for another little wave lower... will get us close to the Dow 200dma.
*note how the VIX has NOT broken the 17.50 high from last week? It makes for a good divergence for those looking to go long.