Dow Jones And The Next Rejection Zone
I drafted this chart up a week ago and forgot to post it. I see its playing out, so better late that never... My original opinion was that we could run up and retest the 200ma. This would be a good place to reject and let fundamentals collide with technicals. Nothing in this world has changed enough from last month to warrant a bull market and geopolitics are too wild to get heavy long, yet the market is not logical per se . Not financial advice, obviously, just a rant full of observations.
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