DOW

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...R57abSDbJubngCRoA%3D

i don't know if that is a wedge or not tbh....but it is a trendline for sure....and we have closed below it...
so the first sign of any real weakness....

2 key things to look out for, we have only once had 2 down days in a row (in the red circle) since the low...
tomorrow if we get 2 and then 3....sign of change in sentiment again....
Watch the rsi imho...needs to break below the support line for real momentum in this move....

lets see...
atb, wdik, dyor,
trendfriend

Trendfriend wrote: dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...6EVZJxRJNawzJqEx8%3D

its tested the the bottom of that wedge today already....will a second test hold??

730....all eyes on the dow!
anyone know whats causing todays drop?

crude oil looks nasty

Libero...i'm just learning....i promise you i know nothing! but it really is great to have you and so many of the others posting....

atb, wdik, dyor,
trendfriend

Accordingly to my chart, the Dow looks like it’s broken that uptrend, since the March low.

1st wobble.

Trendfriend wrote: dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...6EVZJxRJNawzJqEx8%3D

its tested the the bottom of that wedge today already....will a second test hold??

730....all eyes on the dow!
anyone know whats causing todays drop?

crude oil looks nasty

Libero...i'm just learning....i promise you i know nothing! but it really is great to have you and so many of the others posting....

atb, wdik, dyor,
trendfriend

Dropped out of that Wedge I think?

The fear is around the unexplainable with what's happening to the May contract with Oil - wow.

I shorted it last week - held it for six minutes to collect..... £7 yes, fish n chips.

Damn!

(and you know a hell of a lot TF! hell, I'm learning!)

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...6EVZJxRJNawzJqEx8%3D

its tested the the bottom of that wedge today already....will a second test hold??

730....all eyes on the dow!
anyone know whats causing todays drop?

crude oil looks nasty

Libero...i'm just learning....i promise you i know nothing! but it really is great to have you and so many of the others posting....

atb, wdik, dyor,
trendfriend

your chart is better, TrendFriend

But! the question still stands - isn't that rising wedge? (I can't go to specsavers just yet)

Indeed, the market will ask (or be asked?) questions as it approaches the next key fib level (which might just be the 200dma).

I don't know if the "bottom" is in - lots of schools of thoughts there, but I'd not rule out another sizable correction (maybe taking us to 21k handle) before we decide to turn.

i have no idea, but watching this space, and scalping along the way in either direction. Someone has to help the local Chippy stay open!

Stay Safe People!

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...BG2u31pjZyQOkkmuE%3D

looks like Libero's s&p chart...

keeps on pushing up, up and more up!

Well as the saying goes "the market is always right"

will it continue higher this week?
it looks like its at a key level at the top of the wedge...so lets see...

atb, wdik, dyor,
trendfriend