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DOW running out of steam????


FiringSquad13

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Posted

The DOW is currently trading above its 50, 100 and 200 EMA.  A bit of indecision of the last few trading sessions.  I favour a pull back on the chart before another step up.  A busy week in the US with all 30 DOW constituents releasing their quarterly earnings.

 

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Posted

Looks more like a consolidation imo.

 

I believe we will continue in the current uipward direction once we get a break from this sideways move.

 

The Fed seems unlikely to move rates this year which has been the catalyst for the move so far.

Posted

I don't know.

Reporting this week is likely to cause a bit of movement either way.  The negative reports so far haven't done much - that is typical of today's market.  So fundamentals or technicals can be a bit of a distraction.

 

While it makes up it's mind I'm sure there are intra-day moves to be had with some crafty binaries...?  In my opinion, you can be waiting for the perfect entry and then confirmation (and the rest) these days and miss all the in-between action. 

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