DOW - drop on the open 100-150 points, then reversal and attempt to go up to 12700 area in few days, resuming downtrend after that.
Same ( with different "numerical" targets) goes for S&P, NASDAQ, RUSSEL.
Commodities related ( SLX, DBA, DBC, USO ...) will resume uptrend
Oil Services look really interesting - I think the break is in order, no matter oil up or down, OIH had few big fat full bodied black candles which for my unsophisticated mind indicates steady selloff - and institutions do not stop selling that easy.
Here is a pretty picture of SPY in descending channel with mechanically generated buy/consolidation and sell/consolidation signals. ( weekly and 3 days timeframes)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZMGcy8RkDZhf9GT1ILkEnU9AlV5tJtXzWIgpD1G48CIB39DE03MB01EM5ep5hDdZwYsQnysQI2sjEMBaa_xI59pifnQqDoQDcl7JNCWQSKo0oXpI_VjqAQWgaeQU66MGCku6t/s320/Chart+of+SPY+w.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTuPJESaX7265bfX2a26eFkblK-QfnYxJoLI1vGzzt91aSmzkuSrn23NJamw4JuKStJ3M39JmLWY2c4SgI4D-_kDMGyxc7_97BTzzxbkVO9ztzLiUUkd2gQX0P11dI2g-uo1CO/s320/Chart+of+SPY+3+days.gif)
Have a good 3 days weekend, remember fallen soldiers, be smart and don't let anyone to fool you and force to fight for other people money.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigqjsqMOSj0YbtlVvDUHP5eYwVlgYbYEjI7dAlGOsL7LhCa7MzbLcpPEofbfvJwdB5LhA4DVygKu2hWUiTDoBphbOyW3Ge_yphPDXiDmqD-6DJ-gK0Zut391ivruM4hwx9s1ns/s320/300px-WW2ArticleImage.jpg)
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