DOW Plunges, Trend Is Still Higher

At the moment I am writing this article the Dow Jones Industrial Average is down over 340 points however, unless we close below the trend as demonstrated on the chart below I am still expecting this market to move higher.

Below is ticker (NYSEARCA:DIA) which shows the current symmetrical triangle still in play as we have, (as of yet), not broken the lower trendline.

For a comparison of the price action over the past few days, have a look at this chart below. This is also of ticker (DIA) on the 23rd of this month.

Until we close solidly below this lower line, I still believe this market is moving higher.

I will write an update to this article as this plays out.


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