Well my forecast last Thursday night for Friday proved wrong, although I still don't think there was much of a clue in the technicals that night to Friday's 62 point Dow decline.
But tonight, the picture seems a lot clearer. With the both the Dow and the ES putting in hanging man candles last Friday and the Dow falling out of its 8 day long ascending regression trend channel, and all three futures down by around half a percent right now at 1:30 AM EDT, ES having fallen below its daily pivot, now at 1346.75, and J-Trader's system still holding a short signal, it's looking like a pretty good bet that we're going lower tomorrow. Also, the indicators have now peaked and fallen out of the "overbought broken" status. This indicates a trend end too.
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