Both Dow Jones and S&P500 are still stuck in a symmetrical triangle pattern with a breakout on the cards soon. The odds are favouring the bulls as Dow Jones had already moved above its 200day MA. It is at this point in time that we must be flexible and trade the breakout on either direction of the move. I am currently on the bull side as my interpretation is that a mini bull run is on the cards towards the end of the year. However, we must remember that the market is designed to fool investors and traders alike. Flexibility in jumping from either camp is absolutely crucial. Be nimble.
Dow Jones Index
S&P500
Direxion Financial Bull ETF (FAS)
Dow Jones Index
S&P500
Direxion Financial Bull ETF (FAS)
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