Dow Jones and the S&P 500 is likely to trade higher over the coming week and make new all time highs if what the trend is telling us is correct. With the major indexes in an uptrend in daily timeframe and 60 min timeframe the odds of Dow Jones and the S&P 500 making new all time highs are very good. Combining trend analysis with the fact that the Dow and S&P 500 has broken above the 60 min consolidation, it is very very likely we will see more upside movement in stocks.
Let's take a look at the charts and let it speak for itself.
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