CURRENCYCOM:US30   Dow Jones Industrial Average Index
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Thank you for taking the time to read my idea, your support is appreciated.

Markets ignore bearish fundamentals and negative divergences.
Either stand aside or enter long.
I am well aware of the perma bear camp and I choose profit instead of stubborn pride.

Look closely and we see a violation of our trend line on the 1hr...that's the first indication.
A move up to 26800 ish is likely.

Comments

Time cycles point to a market peak on/about July 22.
This breakout may be legit today, as you note.
Watch for final hour fade.
If we don't get it, then the breakout today would be confirmed.
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Fractal777 The_Unwind
@The_Unwind, A twister day in the end. Saw a big move out coming and potential to move right up.
Now we a total reversal again and a big down candle.
Nasdaq has topped out and this is a clear indication of a turn at least.
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This is not an upside breakout !
More along the lines of a major fake out.

Reconsider, as big money will sell this move, to start the week.
To confirm,watch the VIX for a triangle breakout.
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