Took a while for the Dow to get back to normal as I thought, but so it did and with avengance. Great TA day to catch all of the major move from 6:30 onwards..... It started with the bull triangle formation that lasted over 2 hours. This was accompanied by good PD on RSI adn CCI... leading to the breakout at 8400. The bull triangle gave a target of around 8513, where the price went through and dropped back to provide support. That pull back was a mini bull flag, which then gave a new target of 8689.Here the price didnt breakj through and it looked like it was all over, but no.. It wanted up and it did just that. I for one, and others got caught taking a short here.... Considering the drop in RSI at this point, it seemed the right thing to do. But the drive through8700 soon put paid to that and back on the "longs" again. This just ran and ran, to everyone's surprise, I'm sure. 🙂 I gave up at 8740 having had far too much excitement for one day.
Should have been a great day for the Tea Time traders too, with over 200 points on offer from 7pm. About 800 points on offer today from the off.