So the DOW has reached the target area posted on 28/12/2018 . The chart of the DOW on that date is shown below:
DOW today :
So reached and surpassed the target 24280 (ish) -
Wedges typically have a throw over so could trade up to around 24600
Options expiration may be affecting this move up
So what next?
a few scenarios
1 a pullback from here and rally resumes
2 rally carries on to 24600 to form a throw over and then a sharp drop.
Remember in bear markets - rallies like this will give investors reason to believe the bull market is back;
Bear markets on average last 10-15 months
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
Quotes
Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
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