The Dow Jones Industrial Average (DJIA) broke out of a short-term bull-flag a little over a week ago and along with it the consolidation pattern in place since early May. This has old-school stocks leading the broader market higher.
Of course there isn’t any resistance now that the DJIA is in record territory, so it will be a function of gravity playing its part on how high it could climb. Given the extended sideways movement in recent months, this could be a fairly extensive leg higher.
In the near-term, a dip from here will have the October trend-line in focus as support. It isn’t the cleanest form of trend support, but will nevertheless be viewed as a potential floor. It would take a sharp punch lower followed by an inability to turn around quickly, before considering that a correction (or worse) could be underway.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無留言。 來發表第一則觀點吧。