Dow has broke the psychological support level which is the low achieved in March. The ADX is screaming at a strong downtrend. However with such an extreme movement on this indicator, we may see light at the end of the tunnel. This may be just a slight rebound. Especially with RSI in oversold. I will be watching for major support levels in most stocks. Once they crack, "mai tu liao".
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
