The weekly candle is a huge bull candle. The MACD histogram formed the 2nd bar above zero. Weekly ending at 29171.5. The market stays above the 29000 psychological support. The bull has won the war but it has yet to break 30000 all-time high to go higher!
MA9 crosses up MA16 is on 9th November 2020. The Long signal is confirmed and we had placed 2 Long entry on DJIA at the open price of 10th November 2020, which is 29029. The market move higher this and end on a high note too. Our Long entries are still holding but we have set our trailing stop at 29030 in other to protect modal for risk management.
Order status: Long DJIA at 29029, CutLoss 28500, Trailing Stop 29030, Profit Target 31000.