I have been talking and sharing potential short based on the Dow Jones CASH for a few days. Well this short got triggered this morning and signaled a wide sell off in stock indices. I have included a chart of mini Dow Jones futures with different levels to watch for. Pay attention to the red moving avg. that has held this recent rally for few good weeks now.
We closed right against it.
With recent global geo political unrest, I suspect volatility will increase quite a bit.
Understand that the DAYTRADING environment you may facing ahead is much different than what you have seen last few weeks. Adjust your mental approach, money management, stops and everything that has to do with money management and trade management accordingly!!