Since the indexes will follow each other during today's move I will concentrate on the DOW. Today's daily range is very small and in that small range the trading is currently in the middle. The 5 min trends movements I will not follow. The important movements will come with the trend setting charts, 2 hour and daily.
The 2 hour chart trend is still down and a break out of the trend can only come by sudden big news or intervention by the big traders. I do not believe this lull with continue until Wall Street closes and a move up or down can come any time and be powerful.
The 2 hour chart trend is still down and a break out of the trend can only come by sudden big news or intervention by the big traders. I do not believe this lull with continue until Wall Street closes and a move up or down can come any time and be powerful.
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