If I was a gambling man, I would say we are about to see a pop higher on the DOW JONES. The coiling we have been seeing the last few days could have turned into a bullish flag.
That means we could be expecting a breakout of the flag pattern seen below and higher prices are coming in the next day or so, at least.
It seems the BULLS have certainly not lost hope yet.
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| bullish flag on dow jones chart |
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