W Formation has formed over the last few months.
We have had a break up out of the neckline and now looks like the price wants to bounce and run up further.
7>21>200
RSI>50 (Higher lows)
Target 14,000
With the Jobs added better than expected last Friday and with the signs of an economic recovery, The US is showing strong signs of a rally.
This could be before the catalyst for the expected fall.
Regardless, I am bullish for now and the charts don't lie!
We have had a break up out of the neckline and now looks like the price wants to bounce and run up further.
7>21>200
RSI>50 (Higher lows)
Target 14,000
With the Jobs added better than expected last Friday and with the signs of an economic recovery, The US is showing strong signs of a rally.
This could be before the catalyst for the expected fall.
Regardless, I am bullish for now and the charts don't lie!
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)