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About Monday:
Last week, I posted charts of seven of the sectors (I didn't include utilities or healthcare)
here, including the support and resistance zones contained by my world-famous boxes.
Price was turned back in every one of them.
As for the Dow and SPX, and using the SPY and DIA as proxies, I see no reason -- absent evidence to the contrary -- why we shouldn't complete these patterns and revisit the January/March lows.
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Given that, and given that we closed outside the range, a short on the NQ anywhere in the 1800 to 1820 area looks good, if the market provides it (I'm using BigCharts because it's available to everybody to play with as they like).
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