Has the tank run dry on yet another attempt?
You can never say never as far as US stocks go but this is becoming a saga.
A slap back from the highs sees the Dow trade down to 19930, just ahead of the open and the low at 19920.
The 19950/70 area becomes resistance once again and the low sits right on former resistance.
Dow 15m chart
Further trendline support helped bring the break about through 19920 and a break of that could see a steeper drop. If it holds then that's a decent looking spot to buy for another 20k attempt.
Social media is alight with 20k watchers and from there there's an air of inevitability about it breaking. That can be the sort of setup where the market hands a few traders their arses on a plate.
Then again, we know how US stocks sometimes love a rip into the close. It's all to play for.
