Dow Futures Complete Right Shoulder Head+Shoulders Weekly Chart
The very sharp 1700 point rally in Dow Futures this week,
accompanied by an almost straight up move since Tuesday
has today completed almost precisel
the right shoulder of a Head and Shoulder's Pattern
on the Dow Futures Weekly Continuous Chart.
Today's high of 26085, basis June 2019 Dow Futures, met that target almost exactly,
on the weekly chart I keep and should not be exceeded if this analysis is correct .
This potentially dangerous long term pattern in place in Dow Futures
should give definite pause to bulls looking to chase this rally,
or pile into the market at these price levels.
The possibility of a sharp downside surprise reversal now looms large out there
with risk only increasing in immediacy, now that this acute reversal pattern is in place.
Caution is strongly advised.
Dow Futures Last 26030
THE_UNWIND
6/7/19
NEW YORK
accompanied by an almost straight up move since Tuesday
has today completed almost precisel
the right shoulder of a Head and Shoulder's Pattern
on the Dow Futures Weekly Continuous Chart.
Today's high of 26085, basis June 2019 Dow Futures, met that target almost exactly,
on the weekly chart I keep and should not be exceeded if this analysis is correct .
This potentially dangerous long term pattern in place in Dow Futures
should give definite pause to bulls looking to chase this rally,
or pile into the market at these price levels.
The possibility of a sharp downside surprise reversal now looms large out there
with risk only increasing in immediacy, now that this acute reversal pattern is in place.
Caution is strongly advised.
Dow Futures Last 26030
THE_UNWIND
6/7/19
NEW YORK