The $INDU daily chart is showing a very interesting pattern. The market has been rejected off the resistance and started the week by testing the 50 day MA. A break of the 50 MA could see a retest of the key 17,000 level. Too early to say what will happen here. Just watching the levels. That's it, nothing more. It always makes me laugh when the talking heads keep giving end of year targets for markets. 'The Dow will be here by the end of the year, the S&P 500 will be there.' It's all nonsense and garbage. Just focus on where the market is now. Who cares where it is by the end of the year?
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