Dow Intraday charts 18/Apr - 22/Apr

On a less facetious note………… :-0

RSI on the bigger picture seems to suggest a bit of headroom for ‘growth’ assuming that the current consolidation is confirmed as a lengthy bull flag……

And the big mid-March ‘W’ bottom hasn’t truly delivered its target………!?

It might all depend on soothing utterances from Big Al over the next couple of days…….

Something like “interest rates? – haven’t even crossed my mind recently!” might suit the bulls nicely……….. ;)
 

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Looks like going nowhere except sideways..
Sorry about the start date for this week. Daydreaming again. :(
 

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I'm under pressure to get a property renovation/conversion completed so I'm going to have to keep the reviews short for a while. This will mean , mostly, comments limited to more important features to be seen during the day and marked up charts. Sorry....
 

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Nice drop back to support...but is that it? CCI well ito O/S as is RSI. Will it be a "V" bottom?
 

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No V bottom then... target of triangle 160 ish. Bear flag target 200 ish
 

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conflicting views from 10 min and 1 min charts....
 

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unless u take that triangle as a rising wedge which is bearish:(

or a ascending triangle which is bullish :)
 
As mentioned on Monday, it had to be a big bull flag didn’t it……?!

It took several days to deliver, but those seeking instant gratification will always be cruelly disappointed…… :confused:

And as usual, hindsight is a wonderful thing……. :cheesy:

ps - whatever happened to the "interest rate worries"...?! - technical trading rools ok..... ;)
 

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One way of looking at it so far:-

Long on PD at 10300 – straight through 100ma and resistance levels (32's/64's etc) with little hesitation – very hopeful !

Steep climb bouncing off top of upper Bollinger band displays strength…

Stay long though ND is evident, but delivers minimal pullback – CCI ‘flatlining’ well above zero confirms strength (till things change…!……)
 

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Well, better late than never with the V bottom. Triangle quickly delivered to 390 and non stop onto 495 ish.
 

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Nice ride out of the triangle, with a simple re entry after the ND top as RSI went O/S...
 

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A nothing day,but then that's to be expected after a big rise... Inv H&S would take us to 550 if it delivers...
 

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Unusual turnaraound as CCI goes through zero.... talked about a lot theoretically, not seen too much in practice. Well, not as clear cut as this one.
 

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