Check out the six-month chart of the Dow Jones Industrial Average below.  The index has been in a short-term downtrend since peaking in May, and after five consecutive down days including this morning’s steep drop, it’s sitting right at the bottom of this downtrend channel.  You could play a bounce here, but be prepared for a quick exit if it doesn’t work out.  See more on current index technical setups with a Bespoke Premium or Bespoke Institutional subscription.

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