DOW

dow- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ivx2lSVk5WjZ1LdTBmk=

outside down day on thurs played out perfectly with another down day Fri...
Not surprised to see a rally again as its a strong bull market and the rsi held support..

This is nicely inside this triangle only below 30300 would i be worried about lowe.
so 30300 no break no lower

above 32000 should see a new leg to the upside.

atb, wdik, dyor,
trendfriend

Yesterday was really interesting- the rest of the indices went down the Dow managed to stay green most of the time. It seems to be yo yo ing widely today. Very keen to understand what people think - my view is that the US technology is leading and is bringing the rest with it.

The impact that Fed speeches have never fails to surprise me!

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...krv0c7hlQVxznCGWdTE=

quick update on the Dow.

Looks strong....no real sign of any weakness here imvho...
Aside from the long term negative rsi divergence being the only indicator that's bearish....but we cannot look at that in isolation.
This all looks good for more up, above the red t/line opens up 38,000 area imho.
Looking at the rsi its been making higher lows since Oct 20. So a lower/low on the rsi maybe a early signal of the rally faltering.... if/when that happens

No stopping the Americans....pump...pump and more pump!!

atb, wdik, dyor,
trendfriend

Agree TF - Looks superstrong

Comprehensive breakout on the Monthly chart
Short term it may fall back to current trendline

Longterm - I have target of 40K

I still have my megaphone trade open - my first target is 40K - will close half there and add a trailing stop. Second target 42K