Dow Pennant formation.

[myminitrading]

Looks like were going to make it, not one correction so far. Thats not healthy.

 

[myminitrading]

Quote from myminitrading:

If earnings come in strong, we contiune upward, pennant target 14200

Looking like we need a retracement, decliners again lead advancers, 1750-1500, Dow up 35.

 

[Flash2007]

good original call...since 7/2 (your original call) market pushed to 14000...psychologically every 1000 provides resistance, may take time to close above 14000.

Your call was profitable, I hope.

 

[myminitrading]

Might get a retracement back down to resistance now turned support 13800 area Dow mini futures.

 

[myminitrading]

Retracement has been made, although not on light volume, which is what I would have liked.

 

[myminitrading]

Quote from myminitrading:

Retracement has been made, although not on light volume, which is what I would have liked.

This is clearly support, lets see if it holds. We may dip below 13800 as these things are never perfect.

 

[Prevail]

do you mean 13700?