As you can see on the DJIA daily chart there is a few things going on. We have been in a range for several weeks now. The bears did try to break the lower range today, but were not successful at all.
We shot up aggressively into the close today and that has given us an 80% chance for a BULLISH swing day tomorrow.
The tick data below took a Higher low today, which is very interesting, but still not on a BUY signal but it is getting very close.
That is all for now. I Have a busy day this end, so hope it helps.
Happy Trading
- Chip.
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going to be stopped out. No swing day today and we are clearly in a bear phase. Im going to stay away from the long for a few weeks. thanks anyway. Good luck
ReplyDeleteIt seems the bears are back today. And the swing day setup did not set up properly anyway.
ReplyDelete