On July 13, 2023 it was noted that Market Makers would need to decide on a course of action within the current ascending triangle. Today, it appears they have made a decision to move higher and follow a path that is similar to what occurred in 1929, 1973, and 2020. Based on their move above the upper trend line the Dow is expected to hit 37,744 (+/-1%) by October 5, 2023 (+/-1 trading day) before a significant collapse occurs.
Stock chart courtesy of StockCharts.com.
