The bullish trading in the markets Today have additional relevancy. The Dow has gapped up through the downtrending resistance level of a wedge formation. The transportation index has gone up dramatically through the 200 day moving average. The NASDAQ and S&P 500 gapped up, continuing a J-hook type set up. This is all very bullish indicators, provided the indexes close at the high end of their trading range Today. The important factor is the Dow gapping up through a wedge breakout area. This could indicate a strong wave three, much more upside.
April 1st Daily Market Comments
The bullish trading in the markets Today have additional relevancy. The Dow has gapped up through the downtrending resistance level of a wedge formation. The transportation index has gone up dramatically through the 200 day moving average. The NASDAQ and S&P 500 gapped up, continuing a J-hook type set up. This is all very bullish indicators, provided the indexes close at the high end of their trading range Today. The important factor is the Dow gapping up through a wedge breakout area. This could indicate a strong wave three, much more upside.