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I would have to disagree on the Dow comment. The Dow has been in a steady uptrend since July. I was cautious of the May high but yesterday the markets broke above it on high volume at the first attempt. This is a very bullish sign.
If there is price acceptance in this new zone, I would look for a further lift in price. I believe we have reached new highs on the futs. With crude slipping down, I would not be surprised for the Dow to continue is uptrend.
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I agree with you based on TA alone. However that ignores the TRUE state of the Economy. I will expand on that after the ECB Announcement.
Thank You