Despite the turbulent news regarding the upcoming presidential election and the uncertain economic recovery, the bullish scenario remains intact.
The index has hit the 29k region and is still going strong. The 29k points was the first target from the last Dow Jones Update.
Should the bulls break out of the yellow target box, above 29559 points, the path for a direct rally to 30500 points will be paved. This, however, is our alternative scenario that we give a probability of 35%.
Our primary scenario projects a slow and steady sell-off in Wave 4 in Green to at least 27900 points, before the bulls push the Dow Jones toward new all-time highs.
If you are Long, since 27600 points, you can use this area to take home some profits and reload after wave 4 in Green has completed.
Feel free to share your thoughts.
Happy to discuss the next move.
The index has hit the 29k region and is still going strong. The 29k points was the first target from the last Dow Jones Update.
Should the bulls break out of the yellow target box, above 29559 points, the path for a direct rally to 30500 points will be paved. This, however, is our alternative scenario that we give a probability of 35%.
Our primary scenario projects a slow and steady sell-off in Wave 4 in Green to at least 27900 points, before the bulls push the Dow Jones toward new all-time highs.
If you are Long, since 27600 points, you can use this area to take home some profits and reload after wave 4 in Green has completed.
Feel free to share your thoughts.
Happy to discuss the next move.
