DOW

The Dow looks like its changed the trend to a new up trend.
It had 123 low breakout a few weeks ago, also had triangle breakout, also saw diamond breakout in lower time frames.
It’s looking like the bear market may have ended…
Bear markets normally max out at around 9 months….its been 9 months now so hoping we have seen the end…fingers crossed..
DYOR
Remo

some quick charts....done these in a hurry but i think you'll see the point i'm making...

dow- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...FVietcJCadc8+tKF3kA=

dax- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Zv1ZYWZhIdUJrYmbE%3D

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...HrcIEyv%2FBN2FpCY%3D

Can see on all of these indexes the down trend lines are intact and all are making lower highs and lower lows!
On the dow the jan down trend line was tested and we got reversal bang on that line...
Always a key to direction is the market reaction on trendlines..
A gap above and bulls in charge....this clearly (so far at least) failed...

I would question if the bear has even started??
29600 remains key for me...if the dow looses that number..then?? :

atb, wdik, dyor,
trendfriend

Trendfriend, thanks for the charts and info.

I don't think we've seen the low yet, but Remo is usually right.

Only time will tell.

Umm,,,
It looks like the bears have taken control again…
So back on the sidelines for me..
Every rally recently has been sold into so it looks like the bear market is getting ready for one last almighty push lower…
DYOR
Remo

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ll1eTt7yyUJ+iepPZww=

seeing some very low targets on these markets!
i mean seriously low.....

For now we had a almost perfect retest of 29600 area yesterday(June low)....which was strong support now turned strong resistance.

Next stop the low 26,000's...then below this nothing much in the way to see a retest of the covid lows imvho. The real fun starts if we loose that level. These markets have a real whiff of the 1930's to them imvho!

Careful in these markets imvho...market is dangerous for longs esp...indeed for any trades tbh.
for now while below 29,600 target is 26,100.

Stay safe and keep well.
atb, wdik,dyor,
trendfriend

Most index’s out there have all recently had 123 low formations breakouts. Hong Kong market had one today.
Ive started to take positions out again in my sipp for long term.
Hopefully the worst is behind us but its still to early to call. But things do look better on charts recently..
DYOR
Remo