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Dow Jones target still on track and new Target to 39,000

Old Cup and Handle on Dow Jones is still in play and the target remains at 36,694
A new C&H is almost confirmed with the break to the upside.
The new target is 39,000
7>21 and price >200ma
Broken out of medium term downtrend
Bullish

The Dow Jones seems to be following the January effect (with expected upside)
Also, with Inflation coming at 6.5% as expected, shows the Great Inflation stage is over for now.
This is good for the economy as people will spend more and invest more.
Hopefully the rally will continue.

Timonrosso

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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Timonrosso

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