Dow Looks Primed For Another Bad Day

The Dow was down 550 points at Tuesday’s lows, but it looks like it has even farther to fall. One needn’t be a chartist to ‘feel’ the weight of the downtrend in the accompanying chart.  It implies the Indoos are about to plunge to at least 15596, a ‘Hidden Pivot’ midpoint support. That’s 462 points beneath Tuesday’s settlement price, a fall almost exactly equal to Tuesday’s. There are three tradable levels implied, long or short, and I’d suggest checking out the current E-Mini S&P tout if you’re keen on profiting from the move.

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