The weekly candle is a star shaped candle. The MACD histogram formed the 19th bar above zero. Weekly ending at 28422.5. 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 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. This week, the market move firmly above 28000. Hence, we have changed our CutLoss point to 28000. We will continue to move out Cutloss closer to entry price when the market move higher in coming days. Do watch it closely!

Order status: Long DJIA 28179, CutLoss 27300 28000, Profit Target 28700.