It’s REALLY wet here in Sydney.
So I have had time this morning to have a long look at the DOW chart.
If this Omicron covid strain gets out of hand, it looks like the DOW could test 28,000 in the coming weeks.
A couple of interesting points about the 28,000 level:
- It is pert near the first Fibonacci retrace support level from the all time high of 36,565
- It hits the trend line of lows since 2015, ignoring the short sharp plunge to 18,000 in Mar/Apr last year
Mmmmmm ….
Dex
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