Then What?

Dow 30, is just shy of all-time highs.

As of the close today and using ETF DIA, as the proxy, we’re just 2.88-pts away from the mark.

Sounds like all is well; that is, until you look at the chart.

Dow Jones 30, DIA, Daily

Recall, markets tend to post repeating patterns, link here.

If there’s to be a (significant) reversal, the market itself is likely to give us clues.

Clues such as narrow ranges with high volume at resistance or just above.

On the sidelines until then.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279