DOW

On standby for a short as the long term trend line has been (i think)broken. I wlll see if a close today is below the trendline.....its all getting tricky as there is fed news tomorrow.....volatile

Dow is still bullish as long as it stays above the main trend line from march 2020.

I have to say it is getting too choppy at the moment ...

OK - there was a recent top. Then it kept falling....then it started to pick up forming the ascending triangle.

It is above the ichimoku line - and now it just broke out very powerful above the trend line....just my thought. I will be buying on the dips now.

As you all know - the dow always tries to test the breakout point......

Again just my thoughts.

Looking at the weekly chart, rsi & macd Have topped out & looks like there could be a correction coming but Looking at The daily chart, yesterday filled the gap & 50ma from Wednesday was support & Trendline held. I think if the rsi can stay above 50 on the daily & the 50ma level holds then more upside. But I don't like the looks of the weekly chart.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Y23Z1IIY4y0fCc84E%3D

Possibly the first signs of some panic coming into the markets....certainly hasn't happen yet.
The key levels to watch are on the chart....
below 33550 would be a lower/low....or 1,2,3 high..

This always bounces back....every time i think its in trouble it bounces from the key technical levels/area and continues higher...
Lets see if the same happens again...
If those numbers/levels fall....expect a strong fall as it should then provide the catalyst for the move imho.

lets see
atb, wdik, dyor,
trendfriend