The Dow Jones futures posted a major reversal on the April 27th reversal swing day , projected several days in advance. The reversal occurred one day after the Dow Jones futures traded to a new 18 month high of 11206. After trading at the new high, the Dow Jones dropped to support before rebounding into the down-sloping reaction line resistance. The reaction line represented the target objective projected by the April 27th forecasted reversal swing date. The reaction line held and the Dow Jones again reversed and plummented over 245 points during the nex two hours of trading. This price action has completed a TR swing pattern sequence and confirmed the reaction swing sell signal that could lead to a significant correction in the Dow Jones. I have been talking about this reversal date and target objective, in the Tradwers Market Views, over the past couple of weeks in preparation for this reversal. I will continue to have new information and updated recommendations in the next issues of the Traders Market Views Swing Trade report.
