DOW JONES performance & follow through came with the recent high above 18600, after the Dow made a round trip turn of 2k point from its range along with the SP500. And this took effect well within 2 trading days of market volatility. Currently, the DOW & SP500 futures are still adding positive tone to the market direction.
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Dow Jones Price Recovery &
Break from Consolidation
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'A Consolidation, A Selloff and NOW back to the main TREND DIRECTION. MARKET call OCT 26, 2016 (click on Reference) and finally the PRICE ACTION when least expected. Where secular forces may have taken advantage of the market selloff to shake-out main street market investors to the side-line'
Indeed, A 'Divergent Trend' reflects Asian Equities 'Disjoint Angle', while keeping pace w/ US Equities. And the SP500 had a market sneeze! while the USD -DXY had a hiccup on election day! And gaining lost ground in the process. #DOW is up again in triple digit in positive territory. Where the first signal came from a 'Golden Cross in the SP500 best described as the 50 DMA have crossed the 200 DMA that provides the signal.'
However, the fundamentally motivated selloff came thereafter before the current price recovery. As mentioned, we are just awaiting for two more components from our signal indicators that would trigger the market moves that is in the pipeline on the next wave direction in the making.
REFERENCE: Least Expected would Trigger DOW's Direction Soon Enough! Oct 26, 2016
What ever happened to those who have called the market decline but failed to call the rally? Legendary analyst and investors that double downed on the SP500 may yet still be holding on and not ready to throw in the towel.
ReplyDeleteTRUST, CONFIDENCE & CONVICTION have finally paid-off staying on course! Holding on to the market analysis moving forward would now be well monitored with the DOW's best performance stays resilient heading North.
ReplyDeleteUpdate: As of January 25, 2017 - #DOW 20000 Finally Arrives. Not necessarily is a Silver Platter. Taking a stand a week earlier was not too bad after all! PATIENCE IS KEY!
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