DOW

BIT of new from other side of the pond:
Wall Street jumped at the open on Thursday, after the Federal Reserve rolled out a $2.3 trillion program to bolster local governments and businesses, while the initial jobless claims slipped to 6.6 million last week from an upwardly revised 6.87 million the prior week

dow - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...5LN3CjyDhV1IFin4o%3D

the futures have come off 23711....
the 200 day sma is at 23686....the 200 day ema line is at 23818.

be interesting to see if this area gets busted....long weekend coming up....
The dow is making higher highs...but strong resistance from these levels now...if the bears are going to make come back...it should be from around here imvho...so lets see..

atb, wdik, dyor
trendfriend

only 800 points more and we will find out

I normally post with some of my positions showing so it’s easy to see where I entered on a trade...
With waves,,,,,,normally down moves correct in 3 waves and some times it helps to get in early after the 3 wave down as you then can expect the next wave up ...obviously that’s based on up markets m, reverse for down markets...
But based on simple waves you can roughly get an idea of the direction based on strong trends...
Don’t ask me about wave counts...lol....just try and keep it simple....[/quote]

How’s this for a count? Chart 1.

If it’s 3 waves, Chart 2?

Just a bit of news

Dow Futures Gain As Congress Mulls $500 Billion in Fresh Support; Coronavirus Concerns Keep Global Stocks in Check
Stocks continue to track coronavirus infection rates amid a dearth in hard economic data following the wipe out of last night's 900 point rally for the Dow Jones Industrial Average.

I missed the start of that 5 min candle at 20:45 but aside from it's size, what surprised me is that if gapped up at the start.

You only normally see gaps on a futures chart between Friday close and Sunday open - not during actual market open.

Really weird.