Today 11/5/19 was a very important day for the DJT. It broke above important resistance at 11148 made on 4/24/19 labeled as (B).
My 7/16/19 DJT post speculated that the DJT may have completed an Elliott wave - Horizontal Triangle. As it turned out the Triangle appears to have been still under construction.
The current H - Triangle has 50% Fib relationships between wave (D)/(B) and (C)/(A).
Daily Stochastic has a bullish crossover, and room to run on the upside.
If this count is correct the DJT is in a post triangle trust up that could move it well above the all-time.
IMPORTANT - Even if you don't trade DJT you need to watch the index because it has the clearest US stock index and can act as a road map for other indices.
My next DJT post will examine the long term DJT Elliott wave pattern and upside target.
Mark
My 7/16/19 DJT post speculated that the DJT may have completed an Elliott wave - Horizontal Triangle. As it turned out the Triangle appears to have been still under construction.
The current H - Triangle has 50% Fib relationships between wave (D)/(B) and (C)/(A).
Daily Stochastic has a bullish crossover, and room to run on the upside.
If this count is correct the DJT is in a post triangle trust up that could move it well above the all-time.
IMPORTANT - Even if you don't trade DJT you need to watch the index because it has the clearest US stock index and can act as a road map for other indices.
My next DJT post will examine the long term DJT Elliott wave pattern and upside target.
Mark
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.