The primary trend on the Dow Jones Industrial is bullish. Intermediate is neutral (for now) and the minor trend is bullish. Since the santa rally of 2014, the DOW has experienced a sideways distribution phase, which was choppy and volatile. If the DOW closes above 17,959.87 I will have a bullish perspective and only get into protective puts to protect against pull backs or retracement. I will remain bullish on this market until / unless 17,000 gets taken out.
Target is 19,125.13 I do expect the Dow Jones to reach that level before Aug of 2015, where the index will likely correct, then potentially have a decent Santa Rally again. Only time will tell, but from here - it's all about creating a plan and trading it. :-) Remember, love life, live life and trade it!
Target is 19,125.13 I do expect the Dow Jones to reach that level before Aug of 2015, where the index will likely correct, then potentially have a decent Santa Rally again. Only time will tell, but from here - it's all about creating a plan and trading it. :-) Remember, love life, live life and trade it!
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