Quote from: MTL4 on July 05, 2019, 11:42:36 PM

Looks like pretty strong support around the DOW 26750 mark so I'll be curious to see how this trade does.

Looks like it bounced right around the strong resistance where we suggested (26,750 on the weekly) on that DOW short and has now decided to take off again........hopefully the short got closed. Seems pretty dangerous to be shorting against the main trend right now especially when the risk-return is so small even if you're right.

MA likes to talk about phase-transitions so to me the idea you could have a melt-up from here on the DOW to many seems crazy but this is where I think his stuff has some merit. On the day trades I'll take my TA for sure but on the larger picture to me there may still be some value.