It’s REALLY wet here in Sydney.So I have had time this morning...

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:

1. It is pert near the first Fibonacci retrace support level from the all time high of 36,565
2. It hits the trend line of lows since 2015, ignoring the short sharp plunge to 18,000 in Mar/Apr last year

Mmmmmm ….

Dex