Equity market indices from US and Europe extend upward move today. Investors totally ignore today's better than expected US labor market data, which increases the odds the Federal Reserve will soon raise interest rates. One of the best performing American indices today is the Dow Jones, which is already gaining over 0.8% and reached a new all-time high.
Interestingly, the index has been behaving very technically recently. Yesterday's correction hit the lower limit of the 1: 1 structure, after which the buyers took the initiative and a strong upward impulse was launched. According to the Overbalance methodology, until the purple rectangle is negated - uptrend remains in tact, and looking for the market top does not seem like a good idea
US30 interval M15. Source: xStation5
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