[DJIA] suspect intraday reversal likely

In this post I provided the model below which expected an AM spike in the DJIA



If my model is correct, we should be minutes away from that peak.  The smart play is to see if this finishes as shown and then pile back into UVXY setting tight stops based on where the DJIA finally does peak. 

However, if this peaks and then pulls back to just the 38.2 fib to around 18204 and then cannot break down more, we have to suspect that this push might be only 1 of 5 of 5.  This chart is at a critical level IMO.  A fall below today's open means the reversal has likely begun.

Odds with defined trigger points, folks, not certainties.