The weekly candle is a bullish candle, fully solid body. The MACD histogram formed the 18th bar above zero. Weekly ending at 28546.5. The market stays above the 28000 psychological. We have seen buyers did attempt to buy the dip. Bearish candle pattern is confirmed in earlier weeks might be negated. The bull might attempt 28700 in the coming days.

This week the market move higher, MA9 crossed up MA16 during 7th October 2020, TKM v1.2 had placed Long entry on 8th October 2020 at the open price, 28179. The cutlass is set at 27300 while the first profit target is 28700. We will continue to move out Cutloss closer to entry price when the market moves higher in the coming days. Do watch it closely!

Order status: Long DJIA 28179, CutLoss 27300, Profit Target 28700.