15 Dec DOW Hourly; Bullish or Bearish For OPEX ?
Potentially a bullish falling wedge here but not proven.
Above 11.845 I’m bullish.
Below 11,845 and the market will soon tell us where it wants to head. There are plenty of downside levels to trade for if current weakness continues.
Tomorrow (Friday) is Options Expiry, so a large spike at some point during the day is likely, so be careful, but watch this wedge and 11,845 support for clues. Common scenario would be a spike to break out of the wedge early in the session followed by a drift down throughout the most part of the remaining day, then finally in the last 30 minutes of OPEX Friday, anything goes!