Wednesday, October 28, 2015

INDU Long-Term Trend Line Update

Since last update, the market has done nothing but grind sideways, so there's very little to add.  Feel free to refer back to Monday's update while we await word from the FOMC, but in the meantime, here's an updated long-term chart of INDU:

Trade around FOMC meetings can be filled with whipsaws and head-fakes, and the market does offer a few possibilities for such over the coming sessions, several of which I'm tracking, but which are probably too confusing to try and cover in advance -- so I'll update them in real-time as the move unfolds, and may or may not provide a "bonus" update on Thursday (depending what happens today).  Trade safe.

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