DOW To Touch 9,000 and Reverse?

The DOW, S&P500 and the Nasdaq Composite Indices were all overbought. The Nasdaq Composite Index had been leading the other 2 indices in the recent rally since March 9.

I stand by my previous posting that there is a high probability that the DOW will attempt to touch 9,000. Whether the DOW will retrace or continue with the rally is another matter.

What I am looking for is a nice setup:

• Long shadow on a daily candle for DOW. The shadow would have then have crossed 9,000 level.
• Volume spike

I would then short the market.

Cheers !

PersianCat (Millionaire-in-progress)