I mentioned yesterday that reversals would be a better bet to focus on for now.
The Dow-30 and S&P indices did form vague railroad track ‘esque setups, but their corresponding ETFs (the DIA and SPY) did not.
That’s not necessarily a terrible thing but it’s a reminder that you do want to check both the indices and the corresponding ETFs for the setups.
So, for the more adventurous there’s a possibility of a reversal follow-through today. For the more cautious it’s ok to remain cautious!