Dow Testing Yesterday's Support Range

C

CalScholar

Roughly 12090 - 12110

Where she goes from here may well determine the direction for the remainder of the day and week.

I would argue that any close within or above this range = Bullish. Otherwise, the Bears will be in control.
 
Chopping around with a downward bias for the last week. 50-60 point swings in several minutes just enough to trigger stops, just enough to keep you off balance.

THIS TYPE OF TRADING ENVIORMENT IS FOR THE GAMBLERS.
 
The last hour will indeed be pivotal. But this is beginning to look like a bona fide rebound.

If the markets hold onto these gains through the final hour, then tomorrow will be key. Anything better that a standard profit-taking sell-off and the ball is back in the bull's court.
 
No reason for selling=dumb profit taking= eventual rebound =52 week highs

very simple formula for making moeny in stocks if you buy the dips
 
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