Jun 102014
June 10, 2014
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I’ve been tracking a diagonal in the Dow Jones Industrials for what seems like forever, and finally two other markets decided to join in the fun, NYSE Composite and the S&P 500. All three markets have clear invalidation points to the upside for the current wave and plenty of room to work in both directions. As I believe volatility is set to pick up, I also believe there is a slow grind upward still in progress.
DOW JONES INDUSTRIAL AVERAGE
NYSE COMPOSITE
S&P 500
There is no rushing these structures, so the road may be long and boring for these to play out.