Here's a look at how the coming week may play out.
There will be 3.5 trading days in this week.
Expect lower volume.
However, as a chartist, I can't put any less value on the closing prices for the days this week.
The market is BULLISH at the moment.
During the week if...
DIA closes the week above Dec.7th close (approx. 136), The Bulls will enjoy the run.
DIA closes the week below Dec.14th close (approx. 133), The Bears may take over.
With the DIA currently at 134.34, the market can swing in either direction very easily.
If this reading of mine is of any use, I will use it to gauge the general market tendencies and not for my trading purposes. My trading strategy shall remain very short term for the forseeable future.
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