DJIA Recovery Pattern
The Green price level line represents the top of the macro range previous to the most recent all time highs.
My bias is that price action took a sharp plunge from Nov 8 - the beginning of December... Price quickly regained strength and bought back previous losses.
If price finds strong resistance above the previous all time range the tells me that price is strong, or at least holding near the most recent all time highs...
With the holiday season approaching, this makes me believe that the DJIA will break all time highs before the new year more than likely.
just a thought
My bias is that price action took a sharp plunge from Nov 8 - the beginning of December... Price quickly regained strength and bought back previous losses.
If price finds strong resistance above the previous all time range the tells me that price is strong, or at least holding near the most recent all time highs...
With the holiday season approaching, this makes me believe that the DJIA will break all time highs before the new year more than likely.
just a thought
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