Dow Intraday Charts 14 Jun - 18 Jun

[ChartMan]

Yet another hard day, but the divergences delivered, Trouble is, with SB you have to be sure and quick to get anything out of the narrow ranges.Eventually, we must get some higher volatility...

 

[ridders]

The Dow dived today at 19.50 ish by about 30-35 pts in space of a couple of mins - any explanations ??

 

[tradesmart]

Ridders – the Dow has been drawing a descending triangle on the charts for most of the day which is typically a ‘sell’ signal and it has delivered, the fall coming at about 14.30 US EST which is a common reversal time in the US trading day.

A bounce off support a 380 ish just now – there may well be further falls to come if the price breaks south of the key moving averages.

 

[ChartMan]

Bull flag, triangle, target of 550. I give in with channels for the moment. CCI RS switch clear now.

 

[ChartMan]

Just a reminder of how the Dow can run between the magic numbers..... getting in on that pause above 64 and riding to the ND top just over 32. Three measured moves took us to 327, one last gasp and a try at 32 before drifting away. Got caught on the false bullflag B/O... and then cursed as it went sideways for what seemed like forever. Still, the Bear triangle made up for it with a swift drop. Win some, Lose some springs to mind. Small punt over the weekend, having come off 380 support and fairly strong into the close. Madness, in June too. :cheesy: