The Dow Jones Industrial Average ($DJI) has remained within a resilient bull trend since the test at 10,000 in August, rallying 1,000 points from this level in five weeks. However, we could see a modest retracement before the next wave of strengh enters the market.
The Dow Jones Industrial Average ($DJI) has dropped over 500 points the last week of trading, but is beginning to show signs of strength. Here’s why I think we could see a rally ahead for the Dow.
Obviously, the first Friday of the month brings the Non-Farm Payroll number front and center. The market has been winding up for four days ahead of this key figure. The good news for us? It doesn’t matter what the number reveals, because a breakout in either direction could mean a 200 point move for the Dow.
The Dow Jones Industrial Average ($DJI) has been quite bullish after rallying nearly 1,000 points from the July 2 low. However, the index looks poised for another round of buying pressure – one that could lead to the next 350 point move!
The Dow Jones Industrial Average has experienced a wide range of price movement over the last two months of trading. However, the index now seems to be coiling up for a major breakout that could pave the way for a 1,000 point move. Here’s why..
