After today's trading of the Dow futures from CET:02:00 until 20.00 in a strong bull trend which now have lasted for seven days this may be it.
The 2 hr chart gives a question mark for further immediate uptrend. From 20:00 DOW took a new high at 11.624 but later fell below the 18:00 bars bottom. It then closed just above the last two hours bottom. To me this is a key reversal which means that 11.624 was the top of the seven day uptrend and that the trend is preparing to go down from here. Want to see Asia and Europe start for confirmation if I am correct in my
current view of the trend.
The 2 hr chart gives a question mark for further immediate uptrend. From 20:00 DOW took a new high at 11.624 but later fell below the 18:00 bars bottom. It then closed just above the last two hours bottom. To me this is a key reversal which means that 11.624 was the top of the seven day uptrend and that the trend is preparing to go down from here. Want to see Asia and Europe start for confirmation if I am correct in my
current view of the trend.
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