Wednesday, August 5, 2015

Long signal forming on stock market: 8/5/15

It looks like our low may have been put in at 17,319 temporarily on the Dow Futures. If BOT is successful, that statement will be strengthened. We had a pullback to OP of up move last week on Tuesday. We had a bear trap- failure to continue lower (blue circle) after hours last night and today we have a potential break of trend long on the 1 hour Dow Futures with a down trend line retest.

Below chart has details:


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