Below we have a dow theory forecasts chart below.
The dow theory forecasts chart shows that we are soon to cross the blue theory line. It is not there yet, so no need to get excited, but it is touching the line.
The second chart is the transports and this is the leader of the market. At the moment it is stuck in a range. The 5200 to 5250 level is a tough one to crack, however viewing previous action the market looks like it wants to go up and test this level yet again.
The third chart down is the utilities. This is looking like a very healthy sector at the moment. It has not crossed the 50 EMA, but working its way up there.
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| dow theory forecasts |
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