Frank Ochoa, AKA PivotBoss, is an 18-year trading veteran and author of the book Secrets of a PivotBoss. Frank actively trades via Ochoa Capital Management, LLC and has spent 15 years developing and deploying automated trading systems for private and institutional clients, while establishing an impressive reputation as a reliable market forecaster and as an elite educator.
Now that the Dow Jones ($DJI) got the breakout from the narrow price range we forecasted in our Monday analysis, here’s how we’ll be playing a potential down move Wednesday.
The Dow Jones Industrial Average ($DJI) continues to hold at highs above the 13,330 resistance level, suggesting further strength ahead. However, recent price activity suggests a breakout in either direction from the current range could spark the next short term move.