Here we can see a probable fakeout of the rising wedge reversal pattern on the dow. Hourly moving averages are very bullish though we are a little extended from them.
The main thing is that as we come out of covid its clear that industrials will benefit massively and I expect them to really grow this year, dow will be a star performer.
We can see how strongly the dow was bought all last week and now that we reached another all time high in the futures market we can probably expect a rapid move to 32,000. Best plan is to trade the index long or pick out some star performers to add to your portfolio moving forwards.
We may get a gap fill on open and some consolidation before a move up, but likely a move up is definitely coming
Press the follow tag for this trade above and ill keep you updated as we progress
Trade ativo
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Nice profits here on the day trade for the jump higher after the open. Big divergence on the hourly charts now with a wedge break with the gap fill so lets see if we can go higher or whether we may see some short term selling
Trade ativo
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Dow closed at high of day after ripping through a prior extreme divergence on the hourly, its bull bull bull all the way with industrials it seems