Dow Jones First To Create A New All-Time High
Leading the way in the Indices is the Dow jones which broke out yesterday to create a new all-time high.
The breakout was only by 17 points so this could potentially be a fake breakout but if we see another bullish
candle that clears the current high then we should continue to see a bullish rally.
Not too far above where price is sat at the moment is the $30,000 round number which could act as a strong
level of resistance so we have to let the days unfold to see what the outcome will be.
The S&P 500 is not too far behind and should create a new all-time high as long as the momentum continues.
The Nasdaq lags further behind but should slowly follow suit sooner or later and when all three Indices are
making record highs, this will signal the start of a long-term overall bullish trend for stocks.
We continue to look for high probability opportunities that are outperforming the Indices.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
The breakout was only by 17 points so this could potentially be a fake breakout but if we see another bullish
candle that clears the current high then we should continue to see a bullish rally.
Not too far above where price is sat at the moment is the $30,000 round number which could act as a strong
level of resistance so we have to let the days unfold to see what the outcome will be.
The S&P 500 is not too far behind and should create a new all-time high as long as the momentum continues.
The Nasdaq lags further behind but should slowly follow suit sooner or later and when all three Indices are
making record highs, this will signal the start of a long-term overall bullish trend for stocks.
We continue to look for high probability opportunities that are outperforming the Indices.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
