now look at this piece of art! the skyrocket, the Dow Jones! I don't even have to mention how this market is extremely bullish, because duh! it is!
but I just want you to focus on the volume of trading, so far the market couldn't make it to break the swing high of the 5th of Oct. which kinda refers to a weakness sign at this point. however, it's not enough reason to sell at this point even if you want to take the market to trade a correction. i personally think that if the DJ breaks below Friday's low at 22730, it might face enough pressure to reach 23.6% Fibo level at 22526 area. in addition, if a supportive candle could take a place around that area, it would be a good opportunity to go long again and follow the trend.
but I just want you to focus on the volume of trading, so far the market couldn't make it to break the swing high of the 5th of Oct. which kinda refers to a weakness sign at this point. however, it's not enough reason to sell at this point even if you want to take the market to trade a correction. i personally think that if the DJ breaks below Friday's low at 22730, it might face enough pressure to reach 23.6% Fibo level at 22526 area. in addition, if a supportive candle could take a place around that area, it would be a good opportunity to go long again and follow the trend.