The broader markets are dropping fast tonight on the news of “Wall Street Friendly” Cohn resigning. The DOW is down -433 as I am writing this, but still above last week’s low, so still neutral from that time frame. While prices are nearing that support of last week’s low, the daily pattern looks like it can break below that level.
In the video below, let’s look at the action and levels below. So far my weekend analysis has been spot on.
Be nimble and safe.
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Hope this overview helps.
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