Although, the #DOW's elusiveness and falling short of a few points to breach the 20k; both the #SP500 and Nasdaq have shown what the true colors of the market is by marking newer highs. Ever since the Nasdaq futures breach above the 5k mark which we were closely watching, while the Dow was merely making adjustments the 1st triple digit gains for the Dow was quite encouraging. What is now needed is a strong follow-through with enough volumes and momentum to re-fuel market sentiments. Let's see what the earning season brings forward with their reports.
This proves that the market was indeed building momentum for the next leg higher. Meanwhile, it also gave the #USD a moment to adjust its price levels as it was getting too expensive for stocks with the continued strength of the USD.
Cloud Chart:https://s.tradingview.com/x/yo6cOsWs/
Update: 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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