This index has once again breached a secular trend to the upside. There is significant momentum to this breach presaging a strong rise to new highs in the medium to long term.
In the short term however, there is a possibility of a sharp correction to bring the technicals back in sync.
The DOW is in a powerful uptrend overall
Short term neutral to bearish
Long term bullish
In the short term however, there is a possibility of a sharp correction to bring the technicals back in sync.
The DOW is in a powerful uptrend overall
Short term neutral to bearish
Long term bullish
This decline should allow the technicals to realign. The uptrend is still intact so far
Monitor your hedges and trim as indicators return to base levels