Present and Probable Market Trend
2 February 2025
Both the Dow Jones Industrial Average and the Dow Jones Transportation Average have stalled out in their attempted rally during an intermediate market correction which was confirmed in December. We are waiting for both indexes to establish new short term highs which will create a trading range for both indexes. Once a new trading range is established the next step is to wait for the market to indicate if the intermediate correction continues or the bullish primary trend is resumed. As of this weekend the indexes have stalled and the transportations have weakened. The geopolitical issues will play out with these two indexes showing the way.
Stockcharts courtesy of http://stockcharts.com
Disclaimer-All information shared in my posts is my personal viewpoint and shared for informational purposes only. This is not to be construed as investment advice. You alone know what is best for yourself and can make your own decisions accordingly.