DOW REBOUNDS TO 33747
The long signal on the day charts at 30889 on 211022 has broken the week pivot 33267 on 111122. This places the medium term rebound target to the ATH of 37848.
Observe the week ichimoku cloud SSSA lines above 33000-34000. A new weekly uptrend will be confirmed only when price trades above this zone in the coming weeks.
In comparison, the SPX has yet to break its week pivot of 4253 and the NASDAQ at 13170 for the US markets to complete the rebound.
Short Term UPTREND since 211022
Medium REBOUND since 071122
Long Term PULLBACK SINCE 010922
Observe the week ichimoku cloud SSSA lines above 33000-34000. A new weekly uptrend will be confirmed only when price trades above this zone in the coming weeks.
In comparison, the SPX has yet to break its week pivot of 4253 and the NASDAQ at 13170 for the US markets to complete the rebound.
Short Term UPTREND since 211022
Medium REBOUND since 071122
Long Term PULLBACK SINCE 010922
Quant Strategic Singapore
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