DOW

If you take the fib from the bottom of the last major correction to the peak then the 38.2 fib level to target would be around
29765.that area has loads of support also . That’s the minimum correction for me..

Hello....hello...hello.
Its been so long! hope all are well here?
Not been trading much and occupied with some other matters....slowly looking for trades again so lets see.
Still holding some stocks....some underwater and some doing ok...like bt
Anyway....for the dow and ftse....my thoughts.

No panic here...this may well crash but i think we make new highs first....substantial new highs imvho.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...F3/xLvUibPua+wQNK6M=
this did look like it would breakdown...but it has quickly jumped back in what looks like a bear trap reversal imvho...this should head higher....especially if the fed is feeding these markets

fte - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...W+7kaFOyFJQosTLHc1k=

This looks strong imvho....i think this index should hit 10,000 this year imvho.
Only doubt this if we get an end of week close below the 200 day ema line. while above should motor on imvho...

atb, wdik, dyor.
Trendfriend

Possible head and shoulder forming

json mapper online

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...dlJJ5L7zDbxndz3mk%3D

key current support levels for the dow.
I dont understand why everyone is so bearish on these markets. From a technical perspective....no real evidence of downtrend/bear market imvho..
We hit the support level near 33128 yesterday and bounced.
We did get a lower low...on the dow in Feb....but this has bounced back and it looks like a bear trap reversal.
I would only look to be bearish or short if we go below 32,271 area
I think the fed has been waiting for the sellers to clear before they pump...pump again!

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...1Q4ZU4Y8HsIU9QNas%3D
Only look at down targets on ftse on eod close below the 200 day ema line feature on the daily chart.

atb, wdik, dyor,
trendfriend

I'll keep watching.

I thought the DOW target would be around 27500. 50% fib.

Has anybody looked at the Grand supercycle? Thats a little ominous.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...kAfQX7nhhiC4LWCraIQ=

this looks shaky currently.
sustained period below the 200 day ema line on the daily. failure to get above the 20 day ema line(brown line)
currently looks like its forming a triangle pattern.

look out for a breakdown
having said that....over the years this finds a way to recover when all looks lost!

so lets see...normally it would bounce back much quicker...watch 32,272 ultimately

atb, wdik, dyor,
trendfriend