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The Dow is already in a 60 min uptrend and it looks like the trend may continue to go up. The Dow has already broken out of a 2 hour ascending triangle which I showed you in the past analysis.
The Dow is now is a strong 60 min uptrend. It is staying nicely above the rising 60 min 20 MA, 50 MA and 200 MA. This is usually a sign of more bullish things to come.
At this moment, the Dow might be forming a 60 min ascending triangle. These patterns in an uptrend is good as it helps to absorb supply on the left and gets the index ready to shoot up higher.
If Dow manages to break above the top of the pattern, we will continue to have a nice bull run up.
Jan 18, 21 10:34 AM
New chart lesson for the 3rd week of January 2021. Hope you can benefit from this.
Jan 04, 21 11:30 AM
In this week's chart lessons, we will have a look at bitcoin and other charts.
Dec 29, 20 07:47 AM
We should continue to be bullish on the S&P 500 as a weekly bottoming tail forms in this uptrend.
Dec 22, 20 09:27 AM
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
Dec 15, 20 09:53 AM
December 14 2020 will go down in history as one of those moments where 2 sets of electors emerge for swing states in the US Presidential Election.