DOW30 - Intraday - We look to Buy at 27200 (stop at 27100)
Price action resulted in a new all-time high at 27403. A Morning Star formation has been posted at the low. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A bullish hammer has been posted as prices...
We are in a shorting zone here, as prior support-turned-resistance. I currently have no position, but I will be ready to initiate shorts if I see weakness intraday.
A new major low has not been ruled out, though I believe the bulk of the down move has already occured.