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!
With the upcoming inauguration, analyst and other market participants are calling a conclusion for the Trump rally, so to speak. With earnings data coming into the market as well would be a welcome treat for fresh volatility thrown into the mix.
Although, we see that the market is indeed bracing for some major market price swings more in line with the overall market direction heading North of the charts. Contrary to market sentiments being defined as the VIX - fear gauge in the call options arena are pouring into a major swing.
Little do we know that a contrary move may yet develop for the #DOW and #SP500 testing another leg into new record zone. The probability of which should never be discounted. A true test for secular forces who remain positive for the indices to make a final run. This in turn will define and validate our market call soon enough. Figuring the market is prime and just about ripe for the next keg before any real sell-off would be made. Otherwise, proven to be wrong then we in turn shall accept the consequence of such calls.
Cloud Chart #DOW
https://www.tradingview.com/x/RMyf9Zto/
CNBC Related Information : DOW's Month long Stretch Ever
A brewing range of 1.4% is so tight that something's gonna give! Stick with the main direction trend.
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ReplyDeleteA week too early but not too bad for a call ahead of time. Patience is Key other than strategic market moves!
ReplyDelete#DOW 20000 Finally Arrives. Not necessarily is a Silver Platter. Taking a stand a week earlier was not too bad after all! The Futures market on the DOW, SP500 & the NASDAQ when they all finally were in sync provided much of the completion for the Major Indices to set their record straight by finally breaking the 20k mark after a consolidation.
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