Feeding off of pain and euphoria. Find me on Twitter @greenlander1
Wednesday, January 28, 2015
Jan 29 - Potential breakdown
Toward was set up for a bounce day but instead got a heavy distribution day, the first since December. It is looking more probable we retest lows from December and possibly below. Going into next week there is a pretty strong chance of continued downside.
DIA broke down out of its consolidation while SPY/ QQQ while still within their respective zones, are threatening to challenge them bottom levels soon. After multiple tests they often fail.