12 Oct DOW: Flat Tops Cause…..
A screen shot of the DOW Futures Weekly chart showing a history of flat tops.
Oh, and the huge channel detailed in this post has so far rejected the bulls attempts to break through.
Note that statistically the Monday before OPEX should close green, although I don’t believe the retest of Wednesday’s lows was good enough today and there should be another lower low to come. For now, I’m fairly neutral on Indices overall. My system remains long on the DOW Daily time frame, whilst I’m also holding a day trade short position on FTSE over the Weekend.