Look at the attached chart. The pre-market action did not show any discomfort. But what is happening now with a bearish engulfing? What will be the rest of the day’s Action will be?
Anyways, after two and half hours of trading, it does not look comfortable at all.
Looks like DOW is readying itself for an uncomfortable surprise.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
