The move down from the DJIA high at 19225 has been choppy and shallow - it appears to be a Horizontal Triangle.
If its complete we can expect a sharp thrust up on 12/5/16. If so the rally may not last very long or go very much above 19225.
The SPX and Nasdaq would likely rally with the DJIA and probably fail to confirm the DJIA new high.
Watch the DJIA, SPX and Nasdaq. A DJIA unconfirmed new high on 12/5/16 could be a terrific shorting signal.
Mark
If its complete we can expect a sharp thrust up on 12/5/16. If so the rally may not last very long or go very much above 19225.
The SPX and Nasdaq would likely rally with the DJIA and probably fail to confirm the DJIA new high.
Watch the DJIA, SPX and Nasdaq. A DJIA unconfirmed new high on 12/5/16 could be a terrific shorting signal.
Mark