DOW Jones and S&P 500 closing at all time high, seems like these indexes are unstoppable with over 40% gain of its value in the last 16 years. Top CEOs are making big changes just like Lisa Su with a astonishing turnaround at the semiconductor company, which is now providing intel a run for its money in all areas of chip businesses (Source from Yahoo) and that is just one factor that is making DOW and S&P unstoppable fundamental wise.
As a technical trader or using technical information to determine DOW and S&P next possible move, well on my case that was quite simple. Friday S&P closed all time high nearly at the resistance zone that was failed to be broken twice since Jan 2018 and the market from that zone keeps crumbling down. If it does not surpass 2955.2 I'm expecting another crumble which in fact is quite possible seeing the fact that the current price is forming another resistance lower than the one in 2955.2. Referring to the charts you can see what I am actually expecting but I'm not setting any expectations to high, I am going to react on the market movement.
As a technical trader or using technical information to determine DOW and S&P next possible move, well on my case that was quite simple. Friday S&P closed all time high nearly at the resistance zone that was failed to be broken twice since Jan 2018 and the market from that zone keeps crumbling down. If it does not surpass 2955.2 I'm expecting another crumble which in fact is quite possible seeing the fact that the current price is forming another resistance lower than the one in 2955.2. Referring to the charts you can see what I am actually expecting but I'm not setting any expectations to high, I am going to react on the market movement.
