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Friday, February 23, 2018

Dow Jones - Attack of The Big Boys

There seems to be concerns over the charting of the US indices at the end of the week.
The Dow Jones is breaking through its crucial line today. Right momentum has been coming up since 8:15pm. Here are mighty market participants (big boys) in the market, who determine the daily and weekly closing with their transactions. The 61.8% Fibonacci retracement relative to the two-week sell-off of 25,337 points is likely to be attacked again early next week. The odds are rising to a still very volatile, but positive next week. An increase in the direction of 26,000 points is expected.

Note that we are currently trading in a trading market. The time of exemplary consistent trends, as in the months before, is over for now.

https://www.marketwatch.com/investing/index/djia

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