Awesome Stocks

[gfp927z]

With DOG, it might be better to do the TA-chart analysis from the underlying DJIA chart. Just a thought. The DJIA chart shows that same 'channel line', though it isn't strictly a channel but more of a regular support-resistance line, due to that mid-March spike up (spike on DOG, dip on DJIA).

Also, there is an inverse head + shoulders (bullish) forming on the DJIA over the past 6 mos, though not quite completed. There is also a quasi inverse head + shoulders formed for DJIA over the last 12-13 mo period.

Anyway, the current DJIA chart seems less clear than Nasdaq and S+P 500. For a scalp short opportunity, the Nasdaq looks like the logical choice at some point, but not yet. I figure once past the Fed meeting, the market could have some buoyancy for a while, although Powell speaking is usually a negative for a few days. But if we do get a strong rally and the Nasdaq hits 14,000 or more without a significant pullback, then it will be ripe for a quick scalp short trade.

I'll watch from the sidelines, but should be interesting :o)



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