DOW

Hi Inside informant - I got 28400, but your chart could be more accurate!

it's getting silly now isn't it. I mean for all the talk of the markets being forward thinking, then was this "forward thinking" everytime we had a decline? But more to the point, how can the markets be forward thinking if central banks (and to some extent) governments are pulling out all the stops to delay what will happen.

It's a strange world indeed!

Anyway, ready to go short this week - but as a note to self, I must start looking more closely at the S&P rather than the Dow which is too wild.

With lines

Spx 3428 +/- 13 points is a big number - watch it closely... if any place for a turn this the place - spx is looking impulsive now in confirm bull uptrend. ( if it's B then -4% or +1% of previous highs for an irregular is still valid) or else this is a start of a new bull with Wave 2 PB to follow.

dow is playing catching up - watch that gap - dow still looks corrective- 3 trends - could start to impulsive.

all eyes on dow now....

stay safe and trade well.

WS

DJI Index - Critical support and resistance on the Daily chart

The Index is currently attempting close above the critical support level at around 28134.70 in the Daily chart as we head towards the end of the Tuesday session.

The Index needs to remain above 28134.70 to continue to its next major target at 28842.20.

Major support at 28134.70, 27697.50, and 27421.55

Major resistance at 28404.95, 28842.20, 29112.45, and 29549.65

What a beast of a rally, this.

Sure, the Dow has been slow to the party, but it's going strong (I know, I know, wiser heads will tell me the fall is coming; let's see).

I thought about shorting it as the gap was filled, but I'm glad I didn't, as I would have been cut to ribbons.

watch that megaphone though!

(chart courtesy of Sven Henrich)

https://ibb.co/g6MxB7n

Stay Safe Out there folks, and in these insanely illogical markets.

1,618 ext dow hit today from lows.

Imo the top is in, needs to see more, support broken, bounce to be weak, etc but sept 03 2020 n sep 1929 rhymes.

1st time in a while - i am short.

Good luck