DOW month 11:40
I have never thought that the Dow would take a new all time high but technically the 8 MA must turn down for a bear market to start. The support for a higher 8 MA the next three months is very strong. That means either a higher or sideways trend until May. Look at 2007 top formation and compare current single bar. DOW must get below 13.000 for the 8 MA to turn down during March.
I have never thought that the Dow would take a new all time high but technically the 8 MA must turn down for a bear market to start. The support for a higher 8 MA the next three months is very strong. That means either a higher or sideways trend until May. Look at 2007 top formation and compare current single bar. DOW must get below 13.000 for the 8 MA to turn down during March.
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