Here’s the Dow Game Plan
Now that the Dow Jones ($DJI) got the breakout from the narrow price range we forecasted in our Monday analysis, here’s how we’ll be playing a potential down move Wednesday.
Watch the Dow for a Breakout
The Dow Jones Industrial Average ($DJI) continues to hold at highs above the 13,330 resistance level, suggesting further strength ahead. However, recent price activity suggests a breakout in either direction from the current range could spark the next short term move.
Major Breakout Ahead for S&P 400
The S&P MidCap 400 looks poised for a major breakout ahead – one that could be felt through the end of the year and beyond. Here’s more…
S&P 500 to 1,550?
I wrote an article earlier this year that predicted the S&P 500 Index could be headed to 1,550 in the upcoming six to nine months. After a blistering start to the year, the S&P 500 has charged steadily higher and is now testing the critical 1,370 level, which we’ll want to keep a close eye on in the days ahead.
Major Triangle Brewing in the S&P 500
The S&P 500 is clearly winding up for the next major market phase, as indicated by the massive triangle that continues to develop. Here’s more..