Thursday, October 27, 2016

Dow Jones Industrial - Flash crash time again?


Dow Jones Industrial - Flash crash time again?

Is the flash crash top playing out again? We saw a flash crash top after the May 2015 peak at 18,351 and we saw an almost identical flash crash top after the November 2015 peak at 17,977 and the same set-up seems to be playing out again after the August 2016 peak at 18,668.
The trigger for a crash could be a break below support see at 17,960. The set-up is clearly there, but only time will show if a new flash crash is seen. 

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