Dow Jones Bullish Target 45,000

I believe the low of late April's range will be the low in this up channel.

Price will chop around inside this box before coming back down to that low before ripping to the upside.

The top of the channel and 45,000 is a short-term target. My ultimate target is 90,000 around 2035

Every bull run is 26 years and 1000+% gains

The low was in 2009

2009-2035 is roughly 26 years

Yorum:

Look how cleanly price bounced off the middle channel line while forming that April range low.

The gold line is the 0.68 fib retracement back into that range where I expect a short term bounce.

I expect that low to be taken when price comes back down into the bottom 50% of the April range as it will be suspended above with space below.

Yorum:

This is my gameplan up until Julyish. Looking for sell trades up until we get back down into support levels. Right now we are at high prices.

Yorum:

Using the double top range in March, the 50% mark of that range is what price has been cleanly rejecting off of Tuesday and Wednesday. Today, price made a substantial move lower off of that 50% mark.