by Rick Ackerman
We’re paying particularly close attention to minor abc downtrends, since, if they should start to exceed their targets, that would imply that the selling is gaining momentum.
I’ve identified a precise target in DIA that can serve this purpose. It’s tradable, so check out the tout below for explicitly detailed instructions.
Merely by paying attention to the trade as it sets up can help us develop a finely nuanced feel for the stock market as the week draws to a close.