Last evening the Dow Jones hit a high of 25397. There were 2 major walls in the 5 minute chart as highlighted and all were broken. Since piercing the walls, the Dow remained strong with some ws then followed by a strong buying and more ws before running up high in the evening during last evening session.
I don't think the Dow can move much higher tonight. I expect selling tonight or maybe just moving up a little. The Dow had been trending almost everyday since it's 1000+ points recovery from last year after Christmas. It's been an amazing run and just when I thought the market was about to crash big time, everything turns again. Let's see what 2019 will bring.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
