DJIA update: 150 point AM pop is not bullish like people think.

In legacy TA terms it would be called an exhaustion gap but in EW terms it is just the C of 5 of the expanding wedge which itself is the 5th of blue 5 in the model below.


I am adding to my put positions now but cautious shorts can wait to see if the model is validated by a break down below the top rail as shown.