DOW

Some very interesting moves going on the Dow. It’s retesting support, and got to the 30k mark again today. So loads of testing at the moment . Whip saw to be honest!!

waverider2 wrote: Very interesting Trendfriend. There is a high possibility of break out and then you wonder where it will stop. The other thinking is that the big move recently could reverse to form the wide side way move. We will see

Great Charts (as usual) TrendFriend.

Waverider's view is why it's now even more (surely not!) important to be nimble or stay on the sidelines - where I'm gonna be for now.

After that Dow spike caught me out, I've gone back to trading Nasdaq, Russell, FTSE and S&P, just restore some account credibility.

The Dow I think, is going to be the index tracked in my SIPP and ISAs for the long term. Intraday trading it is like russian roulette!

Very interesting Trendfriend. There is a high possibility of break out and then you wonder where it will stop. The other thinking is that the big move recently could reverse to form the wide side way move. We will see

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...VpiO+QdkpTojYPyGiJU=

dax - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...4mNeT+KiENFT8PVdBag=

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...uG+KURipEUUu5T/Mxyk=

no stopping these markets.....standing in the way of bulls is dangerous.....
All 3 main indices showing bull flag consolidation.....and for the dow it looks like a higher high and breakout form the flag....could well be the start of the next leg up....
careful if your short....maybe time to hedge....
if your long enjoy the rally...

crazy markets imho.... but it is what it is...
atb, wdik, dyor,
trendfriend

Assume that's the pattern II was looking at the other day.

Pullback to fill the gap would seem likely, question is does it carry on or reverse from there and then breakout if the wedge is in play.

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

Vaccine news could well be largely priced in these markets now.....this failed to make and hold above a higher high...
I think this broadening triangle is in play imvho.....

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