Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.
-H&S formation on one hour chart of e-mini Dow Jones Industrial Average with minimum profit objective at daily pivot point support one.
-Market broke below daily support two after forming a triangle in the late morning to early afternoon on the five minute chart.
-Breakout below 12,324 on the daily chart reflecting new information entering the market.
-A double top sell signal on daily chart with a profit target at 11,975.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
