Buy Dow | 05 May 2023

Dow Weekly Review 

Trade Recommendations:

For sometimes now, the Dow has been consolidating within a range and not showing any signs of continuing to the upperside. On this chart, I am looking at nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) and may see the price rally to the upperside with the next ideal target set at 39k.

Trade Recommendations:

We're buyers

Dax Weekly Review

Trade Recommendations:

On this chart, the Dax is bullish. We are looking for a possible rally to the upperside and following the fact the price broke above 15712.9 and is still above this level, on this chart, we are strictly buyers. We expect the buyers to keep looking for low risk  buy orders with the next ideal target set around 15712.9 and may see the price rally much higher with the next ideal target set at 16k.

Trade Recommendations:

We're long

SPX500 Weekly Review

 

SPX500 continued to the upperside and is still showing signs of continuing to the upperside. On this chart, I expect nothing but a possible momentum to the upperside. On this chart, I am strictly looking for low risk buy orders. On the flipside, should the price rebound from the lower trendline, then this will be an ideal place to consider a possible long term buy order.

Trade Recommendations:

Wait

Bob Stan
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