Dowjones Index looks potential.
One impulse has taken off from the ABCDE structure and now it seems to be over.
I would wait for a flag, so I get a buy set up, and find the entry for a long position.
From the technical point of view, the E-MINI DOW JONES FUTURE is in an intact slightly optimistic upside trend.
I am pretty kosher bullish and would prefere to buy back above 19000 - even between 19150 & 19100 ...
I don`t think that US Labour Data or even FED Chair Woman Yellen will stop this trend !?
Take care ...
Above 18919 still short-term upside trend
purple upside trendline (from 11/11 18683 & 11/15 18754)
purple sideway trendline (from 11/14 18919)
I would still prefer to trade the long side, after Trump election (zoom back @ chart)
19020 Points are a good entry capability, if the prices are comming back
18172.87 @ 1st Basic Yearly High 2016 before BREXODUS
18629.96 @ 1st High before Back 2 School Season & President Election
18674.74 @ 2nd High before Back 2 School Season & President Election
The Market breakedUp @ no questions :) but i am still not blindly optimistic
- `cause the unpredictabble ...