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.
Dec 03, 21 09:52 AM
Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.
Dec 03, 21 07:22 AM
Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off
Dec 03, 21 05:59 AM
How will the US stock market work in December? Will there be a rebound? Will the stock market continue to go higher?
Dec 01, 21 09:24 AM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.
Nov 30, 21 09:11 AM
Are the markets going to continue to move higher? Is it in an uptrend or downtrend and where are the support and resistance?