Since last update, the market has crept higher, which was not unexpected. We're now finally getting into a larger upside inflection zone, for the first time since June 15, which generated a reversal, so let's look at some charts:
INDU would look better if it ran a bit higher, but it isn't required, so here again, bulls should probably stay on their toes:
Big picture, it's been more than 6 months since I updated this chart, because the important support zone has continued to hold since then (so there was nothing new to add):
In conclusion, the market is in the process of reaching an upside inflection zone, so it will be interesting to see how it reacts to that in the upcoming sessions. Trade safe.
No comments:
Post a Comment