Market rally has continued now 4 days long
still no break of the downtrend (October - December)
if this is correction of that down trend and the trend is STILL down - could be close to finishing this move up - and next leg down
Small short probes on strength
No news on Trump trade deal - well actual definitive news - however the "positive" spin has contributed to the rally - and markets are discounting mechanisms so a "Trade deal " news would more than likely boost prices but likelihood is a "pop n drop" - keep cool!
Euro breaking out targeting 1.18 - 1.20
this is saucer formation
already broken out
DOW 4 hour chart
Looks like CLASSIC bearish wedge
Resistance at 24300
Could overshoot on a "trade deal"
A break down of the wedge - new lows ahead - 20k? possible 18500
