DOW

Trendfriend, thanks for the charts and info.

I don't think we've seen the low yet, but Remo is usually right.

Only time will tell.

some quick charts....done these in a hurry but i think you'll see the point i'm making...

dow- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...FVietcJCadc8+tKF3kA=

dax- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Zv1ZYWZhIdUJrYmbE%3D

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...HrcIEyv%2FBN2FpCY%3D

Can see on all of these indexes the down trend lines are intact and all are making lower highs and lower lows!
On the dow the jan down trend line was tested and we got reversal bang on that line...
Always a key to direction is the market reaction on trendlines..
A gap above and bulls in charge....this clearly (so far at least) failed...

I would question if the bear has even started??
29600 remains key for me...if the dow looses that number..then?? :

atb, wdik, dyor,
trendfriend

The Dow looks like its changed the trend to a new up trend.
It had 123 low breakout a few weeks ago, also had triangle breakout, also saw diamond breakout in lower time frames.
It’s looking like the bear market may have ended…
Bear markets normally max out at around 9 months….its been 9 months now so hoping we have seen the end…fingers crossed..
DYOR
Remo

Wait and see then.

I'm in cash, so waiting to pick up the bargains.

Nice to hear from you.

The chat is non existant.

I think it will fail imvho...
We do need the market to tell us and confirm the breakdown. I think many a trading account will get wiped out finding out.

Volatility will be mad...expect the bulls and the fed to put up a fight....but with inflation gone bonkers can the fed keep pumping these markets??
So it seems a good possibility the game is up for the yanks....and they take the other markets down with them?

Lets see..

atb, wdik, dyor,
trendfriend

Trendfriend, nice to hear from you and start looking at charts again.

Do you think the 29500/29600 will hold, or we are going to re-test the covid lows?

What do you think?