A Couple Bearish Days Leading to Support

If you read my post on Friday you know I'm mostly bullish for the short term on the DOW, however it looks like we'll have a couple more bearish days before we make it back down to support. With so many stocks settling into some consolidation channels it makes a lot of sense the DOW would as well.

While we do have the major support dip down to around 7500 back in Nov, I would expect this support to hold just north of 8000. Of course we'll see. A dip down to the 8k range and then a turn upward should provide some good momentum to make some bullish trades in the market. In the meantime be extra careful with bull trades and try to grab a few bearish profits while you can.