INDU
$DJT leads $DJIAClassic theory. Had to stretch $DJT (red line). Let's see if $DJIA (blue line) follows it. Suggests ranging for months.
Another year, another DOW bear flag, big one this year?Thinking a big bear flag. We need to get to DOW 18,200 to 18,300 range.
$djia, $gdx Dow Jones correlation with Miner stocksStill positive but yesterday's candle needs attention
If you see a triangle retest you're bullishIf flag breaks upwards, chances are to break May'15 highs
SPY S&P saw a slight pullback from as buying as demand contracted. In the process cumulative selling gained some momentum; however, prices managed to close higher. This indicates that the market appears to be in "strong hands." Note prices are still finding support along the "mean" of Andrew's Pitchfork.
The bullish trend remains intact. I speculate there will be a re-test of $205. Will volume contract? Will volume become "climatic?" Will prices continue higher challenging all time highs until extremes of asymmetry are present be falling?