Bullish triangle breakout on the Dow
A print of 11,700 will set up a move to challenge resistance at 12,000. Dow holding above 11,450 is key.
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1290.00 is the number to watch on the P’s. Potential bullish triangle breakout.
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2360.00 on the Naz breaks a double top. This index has already traded through the bearish resistance line which was at 2300.00.
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Look at the bullish triangle starting to form on the Russell.
725.00 breaks a double top. Already trading through the bearish resistance line.
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Lastly, market sentiment…….Bull is confirmed
NYSE bullish percent is at 40.38%, and approaching mid-field.
Stocks, in general, are not even close to being overbought (70% level), so put those fears aside for now.
It’s time to take the offensive and score some points. Get out of your inverse ETFs, bearshitter. If you wait until it “feels good”, the Dow will be back at 14,000—you know it, too.
Disclaimer: Trading involves risk…yadda, yadda, yadda…
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