Buy the dow

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.

twitter.com/zer...706033296875522?s=20

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 ist aktiv:

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 ist aktiv:

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