Decennial CHart of the Dow updated, while the current year swings are wild its because i have bothered to smooth it out aka cycle like
Anyway point being its still a pretty good guide and might hold some keys for remainder of the year ????
2nd on e being the yearly range on XJO
- green and red boxes give you the safe entries for the year, as you can see the feb dip was not a safe long entry, and then the move to april high, stayed within the safe red zone for a yearly short, low risk IMO ??
While your entries are not guided by a chart like this, it gives you the edge when you zoom out and see whats really happening.
Notice how all the reversals are happening around the key range levels,
So the yearly range has completed, but will only move higher once the 50% is broken IMO
Regards
Rob
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