Dow-Jones (Aug. 11 preview)
DJ entering a new price range with a bullish bias and a close stop in case the breakout fails.
DJ entering a new price range with a bullish bias and a close stop in case the breakout fails.
When sellers cannot even build some form of top on the charts and buyers are so fast to respond, guess what, the latter still are in full control of the market. Please read the Disclaimer!
Bull market corrections are healthy and needed (in this case maybe towards the trend support line), but dont confuse this with an imminent bear market. Please read the Disclaimer!
DJIA pricechart of the last 3 years tells all the story. The bull market is not over… yet. The upside momentum has stalled (which is absolutely normal after such a huge climb). Remember, most often than not, calling tops is a costly thing to do, at least for retail trading accounts. chart: investing.com
Higher highs and higher lows means the bull market is very much alive source: investing.com
The double top on the daily will be confirmed below 23k with the measured target then being below 20k. source: investing.com