US MARKETS TODAY
We could see an interesting day. The mini DOW in premarkets moving higher, but coming the highs seen earlier on the day. As you can see in the chart below the DOW bottoming yesterday.
Though not to become to over-optimistic lets look at the broader picture. The DOW JONES yesterday just closed at the upper trendline of last year's tradingrange. If this will be support has to be proven.
The S&P 500 at the 50 SMA but between the range 1245-1275. Closing above this probable and makes me a bull too.
For the moment I agree with the vision of Tradermike
daytrading
DOW JONES
Though not to become to over-optimistic lets look at the broader picture. The DOW JONES yesterday just closed at the upper trendline of last year's tradingrange. If this will be support has to be proven.
The S&P 500 at the 50 SMA but between the range 1245-1275. Closing above this probable and makes me a bull too.
For the moment I agree with the vision of Tradermike
daytrading
DOW JONES
posted by Carlo Giuntoni at 3:05 PM
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