fractal_trader
Long

Dow Jones still Running upwards

FX:US30   Dow Jones Industrial Average Index
61 0 3
prices successfully zoomed thru weekly breakout zone and kept trading higher. So far there is no major weakness is the Indice markets: prices stay above the trendlines and it's anyone's guess where they'll finish. The past week has seen some bulls leaving the arena, but will that be enough to kill off the current uptrend? On the weekly, it has merely started! An entire new bullish market phase could also be the result of this breakout next to the ever-persisting possibility of this market reversing, which would turn the breakout into a fakeout at this point in time.
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