DOW

It's never a straight forward. As I see it, it's playing out I'm (and I'm sure others too!) expecting the bulls to climb to 25,200.

Once 25,200 is hit and properly tested, then we can truly say that we've seen the back of the dtop or dare I say, if there's a worthwhile pullback. For now, we're on track to this target with the Dow at 24,450 as I type. So, perhaps another 750 points to go.

I'm scalping, and resting, scalping and resting - I can't afford to hold any position for too long.

Once 25,200 (or near enough) approaches, i'll start taking positions longer than a few minutes!

But for now, forward thinking and all, I'm still cautious - the retail investor is piling in, and I don't wanna be that guy!

Expecting Dow to exceed .61.8 fib retracement levels, spx to hit a min 3000-3050 level before a major pullback commences specifically for swing trade, watch the 200ma. Until then chop chop up. Short squeeze rallies.

FIBS FOR DOW

R1 24821.20
R2 25772.22
R3 27311.59

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...K/sSJhZAAdI/fhBeJdU=

huge bullish gap up above the 20 and 50 day ema line has really pulled the rug form under the bears feet.
this looked set for a big drop last week, but every time we get a few down days....the fed seem come in and rescue these markets!
we do have a serious disconnect between the real world and the markets imho

This being the dow...expect the unexpected and the bears should make a come back....
24764 for a double top? or a test of the 200 day ema line before a new leg lower...towards 22000.
maybe inside of this new broadening triangle?

atb, wdik, dyor,
trendfriend

Range Bound

FIBS