Ok ladies and gents looks like the time has come to reopen the biggest economy in the world and see what the top 30 are doing... DJ weekly is below and I have focused on the SMA's , after the 1st fall in 08 the 200sma acted as a resistance and current action has been supported by the very same average.
then we have daily , with this chart i depicted an area where the price was battling with the 50sma , when price broke this area it then chased the 200sma which acted as a resistance chart below..
we then can zoom in on what last night action achieved.. a clean break of the 50sma with a chace of the 50% in sight. Current action has been bullish and we cant be blind a run to the 200sma before xmas.
My thoughts havent changed at all about this market, knowing and seeing current action does not mean that lower levels cant still be achieved , this churn is setting up for a large move imo( be it down or up) take it as it comes and enjoy the ride .... Bryan
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