Disclaimer: For education/entertainment purpose only. Invest at your own Risk
Today, the Dow closed lower by 166 points to 10,866
Two important things happened. It broke down through the bullish green channel.
Secondly, the price bar turned red which means bearish trend is coming.
It appears that the market has no strength left to cross the 11,300 point and become bullish.
Currently, it is just chopping here and there in no man's land.
If the market crosses the support level of 10,700, the trend can REALY be called bearish.
Till then, we just have to wait and see what it does.
(c) Dreamtai Stock Trading Software
