Short
DOW30: SHORT
Progressive draw down, sell pressure forcing a descending channel through the last held resistance. Before the Bell, Copper down .80%, Crude WTI down 1.33% and the US 10 Year Bond Yield down 1.92% as of this publication. Rough rice commodities showing turn around following large retrace in the last 10 days, Expecting pullbacks across the market space following the last weeks draw down end of week closes and two strong Monday opens.Fear is taking the wheel again, be cautious over the next week, bull trap still in place if resistance is not broken, support break will indicate a long reversal. Watching NASDAQ closely along with the Dollar. Bearish over all, weakness in key sectors.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.