Just some US charts, watching them very closely again.
DOW, would regard a convincing break above 26000, 26300 as significant. I was quite surprised at such a positive reaction overnight. Easy to make a case for the markets getting carried away again, and could do with some heat getting taken out and consolidating around 25000.
Almost 20% up from those December lows.
A very similar story on the S&P 500, 2800-2815 the area I've got my eye on, would prefer it consolidates and has more strength for an attempt at another leg up.
The story of the tech-heavy NASDAQ is harder for me to unwind, but if I were viewing it in isolation I'd say it almost looks like the charts thinks it's around fair value.
Bonus chart: XJO gets the participation award, points for trying, but not really cutting the mustard.
Just some US charts, watching them very closely again.DOW, would...
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