The Dow Jones breaches the August 16 highs and this is a strong bullish sign. The Nasdaq is still about 18% off, while the S&P 500 is 10%. Strong bullish signal from the Dow Jones, while the other two indices could soon follow, and thus give the signal that we believe is very probable already from the lows of October: the annual and ten-year bottom has been marked.
We proceed step by step by monitoring prices and their trend, and the forecasts of our oscillators.
The trading day on 23 November closed at the following levels:
Did the upswing start again yesterday?
Christmas rally intact and now you can keep racing?
Since the October 17 setup deadline, the international stock exchanges have begun a race that could continue. Charts and forecasting continue to walk hand in hand.
Strong bullish signal from the Dow Jones and here are the levels to monitor and hold to continue the rise
Very short bullish trend until there is a daily close below 33.810. Lasting declines only with this week’s close below 33,239.
Very short bullish trend until there is a daily close below 10.975. Lasting rises only with the closing of this week below 11.006.
Very short bullish trend until there is a daily close below 3.956. Lasting declines only with this week’s close below 3,906.
At the moment, except for indications different from today’s day, it seems that a further extension is being prepared for the equity indices and shares.
We don’t see any particular obstacles, even if, as usual, attention remains high and nothing will be taken for granted. What matters as usual will be the price trend and how long it will remain upwards.
In such an environment, leading stocks such as banking and technology stocks such as Amazion, Apple, Google, Microsoft, Netflix and Tesla could do much better than average.