willgeorge
Long

Market Bullish (For Now) -- Converging Triangle Developed

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVG ETF T SER'1' UNITS OF BEN INT NPV
As you can observe in the chart, the Dow Jones price has bounced creating a new support curve. The resistance created by the past three peaks intersects with this support curve on July 6th . Until this day, I believe we can expect bullish behavior within the ascending triangle created by these two curves.

However, there are several other factors that obviously impact the market's flow so you always have to be ready to expect the unexpected.
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