US Stock Market Analysis April 16 2018

The Dow Jones is still in the process of deciding where it wants to go. If you look at the 2 hour chart of the Dow futures you will realize the gyrations is still happening in a 2 hour chart ascending triangle. Let us be patient to see which way it wants to break out.

As you can see from the chart above, the Dow is trying to form a 2 hour ascending triangle. If it breaks above the horizontal resistance line we will experience a bullish run up. But do be careful if it breaks below the uptrend line. 

While there is a lot of gyration, at least the markets is making higher highs and higher lows. This in itself is an encouraging sign.

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