The Dow Jones have been left behind compared to the SPX and NDX but the chart still looks pretty good.
We have a hammer 25-May after a months long correction, followed by a full green candle. This is a reversal signal with confirmation the next day.
We just need to see follow up on Monday but looking at the three major indexes together, SPX, DJI and NDX, we are going to call it bullish.
The blue spaces on the chart is the strong support.
The DJI is trading within a long-term higher low.
The bias is 100% bullish.
We will see how it goes but we expect it to grow in the short-term based on the current look of the chart.
This can change if the support levels break.
If support remains intact, up we go!
Namaste.
We have a hammer 25-May after a months long correction, followed by a full green candle. This is a reversal signal with confirmation the next day.
We just need to see follow up on Monday but looking at the three major indexes together, SPX, DJI and NDX, we are going to call it bullish.
The blue spaces on the chart is the strong support.
The DJI is trading within a long-term higher low.
The bias is 100% bullish.
We will see how it goes but we expect it to grow in the short-term based on the current look of the chart.
This can change if the support levels break.
If support remains intact, up we go!
Namaste.
Komentarz:
Nailed it. Going up and now facing resistance.
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