DJIA TD Prop 32680 Short Term First Target. Medium Term Target Still Below 32000
TD Propulsion coming into play here on the Dow. Higher time frame this is very vulnerable as we are still sitting below 100 and 200 day moving averages and only retesting the range lows of the year. There is no such thing as a quadruple bottom? Keep an open mind about downside given the higher timeframe context.
2H TD Sequential 13. Would expect a slight supportive bounce to come into play in the short term from here. Many charts are broken as we discussed yesterday. I am in no rush to call bottoms here as we should have rallied significantly in the past few weeks and sustained yesterdays Fed rally.