Well, yesterday's shortsale day signalled a possible trend change. Dow traded higher and shortsale came in late and it was a higher shortsale. That means the decline did not go much lower than previous day's high (Decline from 11200 to 11164). Then it turned back upward to the close.
Today is BUY day.
Trend change signal will be confirmed if the prices trend higher.Expected play is to go higher in the first hour then followed by a small decline, not below 11160. From there, a strong rally should take place. If not, the major down trend is stil in place.
This is what Taylor trading technique says about today's possible market move.
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