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  1. DJIA: Weekly Breakout; 26K level is broken

    by , 02-28-2019 at 03:31 PM
    The 2019 US equity rally has continued into this week, as the Dow Jones Industrial Average set a fresh three-month-high on Monday. Since then, prices have been pulling back but support has continued to hold with the index currently re-testing the 26k psychological level.

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    At this point, short-term strategies will likely be focusing on bullish continuation themes, looking for 2019 strength to continue. On a longer-term or swing-basis, the ...
  2. Dow Jones Industrial Average Tries for New All-Time Highs

    by , 05-31-2017 at 07:37 PM
    Dow Jones Industrial Average (DJIA) has recovered well from the losses stemming from May 17. With DJIA printing above 21,078 late last week, it alters the pattern we were following some. Previously, we were looking for a small dip in price to offer a buying opportunity towards new highs. As we see below, the door is now opened for a slightly larger dip back towards 20,440.

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    From an Elliott Wave perspective, we have the current wave higher ...