The bulls made progress and now have a decent chance to take the market up to the 50 simple moving average (SMA). The million dollar question is whether this is a rally or the beginning of a reversal. We’ll discuss the differences between the two and signs to watch out for in the video above.
One major chart we’re using as a template for a reversal is the Dow Jones Industrial Average (DIA), as this is a pocket of the market that shows the bottom could be in. We’ll review the structure on DXY and other names on our watchlist list ADM, ENPH, NVDA, and more.
Stay Focused!
