why would you short against a daily bullish? because a daily bullish is a key resistance level.
@Caymanjack, when do you short this market?  you short when a bearish reversal is elected which is a sell signal, or you can short against a bullish reversal and exit if elected which of course has more risk. right now it is could,should, maybe because no sell signal(bearish reversal) has been elected.


@bumbum
24765 is a daily bullish reversal as long as that is not elected we can move lower. you can short the market intraday and exit if elected at the close. the weekly's are at the 27000 level. June only has to close below 21917.16 to confirm the quarterly turning point here in the 2nd quarter if no new lows are made

@Bumbum @fred9999

 We should see a new high next week which could be as soon Monday with a decline thereafter into the week of the 18th(TP) which should be a panic cycle to the downside. a lot of these moves will be determined by the reversal system, so as long as the Dow does not elect its next bullish reversal at 24765, the market should decline into the the week of the 18th. The 2nd quarter is a turning point so we either have to make new lows or close below the 1st quarterly close. The intraday low may occur in May, with June being the lowest monthly closing.

 The week of the 27th was a low on a closing basis, we should now rally into the week of the 11th which is also a directional change so we can make a intraday high and then turn down.. week of the 18th is a panic cycle. There is no panic cycle this month, but we do have a Turning point in June.

Directional changes usually indicate a change in direction but can also be a fast one way move.