Dow Looks Primed For Another Bad Day

September 2, 2015

The Dow was down 550 points at Tuesday’s lows, but it looks like it has even farther to fall. One needn’t be a chartist to ‘feel’ the weight of the downtrend in the accompanying chart.  It implies the Indoos are about to plunge to at least 15596, a ‘Hidden Pivot’ midpoint support. That’s 462 points beneath Tuesday’s settlement price, a fall almost exactly equal to Tuesday’s. There are three tradable levels implied, long or short, and I’d suggest checking out the current E-Mini S&P tout if you’re keen on profiting from the move.

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The symbol for silver ‘AG’ comes from the Latin word ‘agentum’ meaning silver.