DJIA Follow up
Updated
I think we are pretty close to the euphoric zone inspired by Yellen. MACD on daily chart should produce a gold cross tonight or tomorrow morning. I have doubts that this cross will materialize as it is still possible to uncross it within 2 candles. Market reaction will be violent and depending on hourly chart and above will be too late. Managing my risks using the 15min chart. start the party when MACD produce a dead cross below zero.
Note
As shown in the daily chart, MACD has already made a successful cross; now we will have to see how the markets react to the weekly chart. Current estimate is 21730 area for the MACD to make a cross. The round shaded areas show the first unsuccessful attempt, now we shall see round 2 and how the bears will react with a divergence on Williams and MACD. Again manage your risks using the 15min chart is enough. As long as it stays above zero one does not act irrationally. 
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.