After a tumultuous few months on the Dow, four straight winning weeks might suggest it's time to start running with the bulls again, however my opinion would be to stay sat on the sidelines until all the bear traps have been completely removed.
For sure, there's been a significan push from a low of 21712 up to the recent close of 24706. But the DJIA has now run up against a fair amount of resistance. My preference would be to see a strong cross and a push through 25450 and to hold, before considering the trend to now be upwards. Until then, nothing's really changed imo
For sure, there's been a significan push from a low of 21712 up to the recent close of 24706. But the DJIA has now run up against a fair amount of resistance. My preference would be to see a strong cross and a push through 25450 and to hold, before considering the trend to now be upwards. Until then, nothing's really changed imo