This looks like it is possibly setting up for an inverse head and shoulders and if confirmed then it should form on the 8th March and take us to the resistance level of 52k and close out the weekly candle with a bullish close. Once confirmed then the head and shoulders should have enough energy and bull momentum to finally push through the 52K level.
@Joy_Bangla, just an idea... if somehow the DOW / NASDAQ go up and futures go down on Friday, we may get some momentum with volume coming back into the market..
Darenno1
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42k, 50ma
EMA34TRADER
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@Darenno1, this is just an idea as lots of factors @ play, including the stock market and futures pricing, it may be we dont have the volume and we pullback to the 42k level, if DOW also goes down further on Friday.