A bearish engulfing pattern is developing in CHI. Just FYI.
If you’re a paid subscriber and listened to the past 3 Daily Reviews you know what this means. Keep an eye on it.
The market is at a CRITICAL juncture. Either it breaks out to a new high (especially on the DOW) and zooms to 9000 (DOW) or it breaks down.
Today and Monday will tell the tale.
Be prepared for anything- whatever will happen, it will happen fast.
UPDATE 11:57 AM
Watch 8170 on the DOW – if we breakthrough that we could go a lot higher today. I’m short the market but am willing to completely reverse my position if this early morning’s strength continues, otherwise I will stay short through the weekend.
Good trading and have a nice weekend 