We are aware of a possible big downtrend bound to happen, in the meantime here are support and resistance for this week, and this week only.
Dow is definitely in the beginning of an uptrend, over 13025 is a long buy, between 13025 and 12711 is a no-trade zone, if it crosses below 12711, the 12118 level must be broken to the downside before it is considered a downtrend.
The Russell has yet to surpass the 805 level to be a buy candidate; below 776 I will be considering shorting.
And my favorite trading instrument by much, gold, continues immerse in its no-trade zone between 160 and 155.
If you have to forecast, forecast often they say, so no forecast here just a perception: The big downtrend in not happening, at least no this week.
Dominican Gold and Silver medal winners Felix Sanchez and Lugelin Santos, Mazel Tov.
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