The Dow has completed a double top.
I shorted at 26063. Stop was placed at 26803 and target is 24000.
I only took a small position for a few reasons. The double top completed right at a good resistance level at 26000. Which means we could see a bounce right here. The other major markets (SP500, NASDAQ etc) are close to completing a double top but have not done so. As a personal preference, I do not like to open positions right before the weekend. Finally, this double top is very visible. Almost every trader website is talking about it. Depending on the action for the rest of the day and next week I might add to this short position.