Chart of the week. Dow Jones.
After 2 years of consolidation, extreme bad news, wars, possibility of recessions, bad FED commentaries and bond yields; Dow has finally risen and gave breakout and closing above its all time high 36,400 with a Bullish Khatana candle. Now we can expect a very good up move and next bull run series in Dow and in world markets.
This does not mean we will not expect retracements or consolidations. 5% to 7% retracements time to time would give a very good strength to the markets world wide and this should happen to continue the up trend. Each retracement would be a very good opportunity for all the investors to make a very good wealth in long term prospects. I am, therefore, giving an extremally aggressive targets for Dow and market world wide. These targets are calculated as per Fibo.
CMP - 37,300 (17/12/23)
T - 42,000 ; 50,000
This does not mean we will not expect retracements or consolidations. 5% to 7% retracements time to time would give a very good strength to the markets world wide and this should happen to continue the up trend. Each retracement would be a very good opportunity for all the investors to make a very good wealth in long term prospects. I am, therefore, giving an extremally aggressive targets for Dow and market world wide. These targets are calculated as per Fibo.
CMP - 37,300 (17/12/23)
T - 42,000 ; 50,000
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