The Dow is technically pushing higher to test resistance around the 25000 area and the key day for a target will be Monday, January 21. As we push up to test that level, volatility will start to rise again.
The following week of the 28th remains as a likely high volatility week as that is the real test of the countertrend upward push from the lows in December.
There remains the risk of a retest of the December/January lows after the 21st and likely around the 28th.
This markets have been consolidating preparing for a massive slingshot over the last 18 months.
It is still consolidating and now in the setup stages for what could be the greatest trading opportunity of most people’s lives.
When the slingshot starts it can set many investors up for life. So let’s remain patient, follow the arrows and enjoy the ride.