Reply To: Technical Index Trading & Analysis
There’s some statistical evidence to suggest U.S stocks will take another leg down.
Unfortunately the only way this can be invalidated is by a candle close beyond 18,200 area, so stops would need to be above that, currently 200 points away on DOW (price as I type is 17,975) or above 2126 on SPX (36 points away)
Downside target for such a short is difficult to predict as there are numurous supports between 17,620 and 17,160 ish.
