Good morning
Considering the very moody and red start to the week, the Dow is a mere 74pts from closing the week net positive. However, even if we close a touch lower today, or up somewhat shy of a 74pt gain, we have certainly seen a very strong bounce from the earlier low.
Dow, weekly, 2yr
Looking ahead
Clearly, the bulls will want to see the Dow break to new highs, and from a technical aspect, I believe its important this is done within 2 weeks, or it won't likely be possible in the mid (3-6mth) term.
Can the dow break 13300 by end April? Its a mere 314pts away..and we're seen that kinda bounce in the last 2 days alone. Things could get truly horrific for those who steadfastly hold short positions into next week and beyond.
Good wishes for Friday trading.
Considering the very moody and red start to the week, the Dow is a mere 74pts from closing the week net positive. However, even if we close a touch lower today, or up somewhat shy of a 74pt gain, we have certainly seen a very strong bounce from the earlier low.
Dow, weekly, 2yr
Looking ahead
Clearly, the bulls will want to see the Dow break to new highs, and from a technical aspect, I believe its important this is done within 2 weeks, or it won't likely be possible in the mid (3-6mth) term.
Can the dow break 13300 by end April? Its a mere 314pts away..and we're seen that kinda bounce in the last 2 days alone. Things could get truly horrific for those who steadfastly hold short positions into next week and beyond.
Good wishes for Friday trading.
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