The Bull and Bears have been engaging in a battle for control in the traingular arena. The Dow has rebounded from the ascending trendline numerous time since Feb 18, staying above the 200 days MA. The direction it breaks will set the tone for the next major move, Traders are better off not trying to impose thier view on the market, listen carefully to what the price action tell you and wait patiently for the break. This blog has been calling for the end of the bull market since Feb and naturally expects the Dow to break to the downside . A break below this ascending triangle could be long term bearish and could drive it to its next immediate support at 22650
All posts and charts are for educational and illustration purposes only
Post a Comment
Note: Only a member of this blog may post a comment.