FX:US30   Index of top 30 shares on Wall Street
136 10 2
Dow broke out of its ascending triangle with a measured move of 16862 and the 1.272 at 17193

Price could pullback for an entry into the trend which I view as an x-mass present. I posted this idea originally in October. Click on link to see original idea
DOW - US30CFD - Ascending Triangle
Pullback->(mini)Crash
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fxtrader66 vitaly.tsarik
I do not think so, but who knows??? We could see a week to a few days pullback??? With the holidays coming up it would make sense that (call it what ever) will keep the markets making new highs, to keep consumerism on full blast in the USA. If there was a big correction in the markets right before Christmas many would not spend as much. Try to make people feel secure so they spend more. I could be 100% wrong with my thought on why the markets will rally higher.
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sunny fxtrader66
December has 3 double POMO days. Bears will have to fight hard. I'm short already... too soon!
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You may be 100% right with you thoughts on pullback. Small, "no panic" pullback into Christmas. So that Fed-friends can finish distribution to public. Then? Then it will be Next chapter. IMHO.
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Still think about your pitchfork setup a month ago. Awesome!
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fxtrader66 vitaly.tsarik
TY - The SPX has made an FX tristar reversal pattern, follow though this week would confirm. However with thanksgiving in the USA tomorrow, follow through might not happen or be delayed a few days
snapshot
This is another chart I have been using with a pitchfan, when price touches it, price reacts. The more the upper trendline gets tested, it creates a better chance it could get broken.
snapshot
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SPX is not a bitcoin. Yet. hehe
So i do not believe SPX goes parabolic.
Well. I am bearish. :)
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fxtrader66 vitaly.tsarik
Currently the market has had 8 strait up weeks counting this week ends positive. A positive week next week to could indicate TD sequential sell setup forming.
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Yes. You're right.
Looks dumb too yell Sell when no one remembers how a downtick looks like.
We will see.
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Price came back and tested its breakout level as support which is common. For this rally to continue, the all time highs must be clearly taken out, or else this could turn into a double top. However, with a double POMO day tomorrow and todays bullish action price could just do it.
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