After two weeks of consolidation at a rising weekly 21ema, last week's weekly candle broke and closed above both. I don't really see any pullbacks coming soon. First target is of course 40,000 but I plan on holding for awhile as I believe this move just got started. I can see 50,000 in the future as well.
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The market seems to be making 96% legs in each run up. A 96% leg for right now will put Dow at 64,000
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The quarterly chart had a bullish engulfment right at the rising 21ema.Note
This is such an obvious bull flag, how could I have been so dumb? I am flabbergasted how wrong I was.Completion of Bull Flag is Price level 67,000
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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.