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MASSIVE pivot now set on INDU hourly


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#1 K Wave

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Posted 24 October 2016 - 08:58 AM

This is now one of the biggest pivot battles I have ever seen on an hourly chart..

 

Bulls about to push out over 200 MA and try to seal in a turn?

 

IF/WHEN Bears ever do break this pivot, that would be first major sign of weakness in bull defenses. Until then, they are still in control of longer term pic....

 

indu.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#2 gm_general

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Posted 24 October 2016 - 01:52 PM

What about cracking up trend line since the beginning of the year on just about every index? But if the conspiracy is true "they" want it up or at least not careening down till 11/8. Best laid plans of mice and men though.