DOW

A close above 34000 looks very bullish

Guys, is it a massive reverse head and shoulders on dow?
Attached is the original one and upside down charts...
With target up to 37-38k? !!!

dow- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...1g1H7Xj+iPlVAdN0GA4=

I wouldn't trust this market at the moment imvho.
Yes its broken above the falling resistance down trendline....but we didn't get a further big move up...
which is what we would normally get when trendlines get taken out as it should be a momentum trigger.

In fact this market as things stand today is still making lower lows and lower highs...
Add the bearish rsi div and another nice down move wouldn't be a big surprise imho.

Another possibility is sideways markets for some time....maybe months.

Lets see... i just don't think the bears are out of this game just yet!

atb, wdik, dyor,
trendfriend

Not sure about a bulll run but certainly the move has some power.
I would be looking at the 34000 mark where I have got my resistance level. Potential consolidation but is looking good

That was a powerful move yesterday on dow 1200 points up to 33700!!!
And SnP and nasdaq moving high...

Have we seen bottom already at 28650 on dow or have we started new bull run?
I am on sidelines, with short term trades oy

Ta G

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...BnwhbtSE5th4FlWb0%3D

worth a short here 33,230.
stop 100.
not worth risking more...
will it breakout? lets see...i doubt it imvho...
also a bearish div on the rsi.

atb, wdik, dyor,
trendfriend