3 Nov 2017 ‚óŹ 05:11 AM

The Dow has taken support at the lower end of its narrow channel and moved higher into wave v of 5 the final segment of a multi month rally. Till the channel breaks we do not have a trend reversal but when it does it would end the entire move and cause a larger degree trend reversal. The lower end of the channel is at 23391. A trendline break should occur on a closing basis on a daily chart.

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