Break up like a grand jury indictment or an irs audit.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
He who walks over water, making it rain for the poor farmers, finding oil for the tycoons, single-handedly rising dow jones to 50k without a single trade happening, feeding the needy with one fish.
This may explain at least a little of the complacency we see in markets, even as it went down.
No more political “liberate minnesota/virginia/michigan” 🐂💩trying to stir the pot.
This move is a reversal from the hour prior, which saw price move up.
Some companies were dropped, some dissolved, some were bought out.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
It’s been a feast for bears operating on an hourly timeframe, as indu has now gone down 4 of the past 5 hours.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.