I bought 2% DXD at 28.14 when DJI went below 10,270. I am shifting to the Nasdaq wave count which counts the triangle yesterday as wave 2 and yesterday's decline as wave 3, with today being an extension.
I haven't read anything about an unusual aspect of yesterday's trading. The day before FOMC announcement has been a very good day to pull on bull trades, but yesterday traded down after the first half-hour. FOMC days are traditionally choppy and not worth trading, so not going in big until after 2:15.
Small-caps and to a lesser extent Nasdaq are weaker than blue chips. Even the SPX. FOMC
As if I needed it, I got further confirmation of the downwave by DJI going below 10,285. This means that the prior buy signal associated with this M/A is officially nullified. 10,400 is my target but I will nibble short prior to that.
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