Despite the amazing returns and the seemingly straight up move in the dow, investors STILL do not want to let go of their US denominated assets. Instead of correcting like many have called for, the dow is still busting through barriers and resistances. this index, according to the swing pattern, still has minimum to 26,500, and depending on confidence in dollar by then, could go even higher as inflation really takes its toll on assets.
Note
The DOW slays this week. It's up over 300 points so far as up writing.Trade closed: target reached
Target reached.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.