Hammer

Have been really busy this week! Sorry for the lack of updates! I shall start from my last post where I said a probable rebound. We can't predict what will happen and North Korea certainly sprung a surprise with a likely war with South Korea, followed with lack of confidence with Europe troubles. And thus a downside. We started with a huge loss in the Dow and it recovered back most of the losses hence forming a hammer (you can look up what is a hammer). This very strong hammer signals a likely reversal especially on the strong previous support. So as usual, we need a confirmation. (Last candle not valid as the market running now as I type).