Traders Daily – Dow Breaks 200-Day

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With trade war fears intensifying, the Dow just broke through its 200-day moving average to the downside.  Unless there’s some miraculous news, we could watch as the Dow sinks to triple bottom support at 23,500.  That’s another 1,250 points down.

Hopefully, that won’t happen.  Hopefully, we find support and move higher.

The latest plunge in the markets continues a six-month trend of volatility, characterized by sharp increases, which have now wiped out most of the gains we saw this yea...

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