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travis18haney

Dow Jones Weekly Buy Signal

Long
E-mini Dow Jones ($5) Futures (CBOT_MINI:YM1!)  
travis18haney Updated   
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
After two weeks of consolidation at a rising weekly 21ema, last week's weekly candle broke and closed above both. I don't really see any pullbacks coming soon. First target is of course 40,000 but I plan on holding for awhile as I believe this move just got started. I can see 50,000 in the future as well.
Comment:
The market seems to be making 96% legs in each run up.

A 96% leg for right now will put Dow at 64,000

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Comment:
The quarterly chart had a bullish engulfment right at the rising 21ema.


snapshot
Comment:
This is such an obvious bull flag, how could I have been so dumb? I am flabbergasted how wrong I was.

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Completion of Bull Flag is Price level 67,000

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