The chart above that zoomed in to show the last 4 trading sessions.
We would like to see the Dow take out 16,805 and resume it's march on all time highs again.
That being said, we have to keep an eye out for this key 16,700 level.
On an interesting and perhaps more constructive note, the key Small Cap Index(IWM) seems to have switched roles with the Dow and is leading the way with higher with a more bullish chart unlike the way it had acted the past few months.
Ideally, the IWM will now lead the way higher, the Dow & S&P will follow and we'll have a real rally on our hands..
Either way, as we're actively involved in the markets on a daily basis, we've been able to capitalize on a few ideal risk/reward opportunities in the last 2 weeks and our members have certainly benefited.
But of even greater potential significance is the fact that we might be able to keep going "back to the well" on a few of these names..so, the profits might just have started rolling in.
Truly an ideal time to inquire about our Memberships! Premium Membership: Real Time Alerts(Both Entry & Exit)..an Educational Component consisting of annotated charts(like on the rest of this page) including ones specifically related to our moves, Webinars dedicated to our methodology using Alerts issued during the prior week and access to our traders during the trading day.
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The Stealthy Trader