Dow put on an impressive performance statistically on Wednesday. It put on 144 points, it broke the 10,000 points level, its volume moved from 4.1b to 5.0b to 6.1b (Monday to Wednesday), its net breadth jumped from +167 to +582, the highest recorded since it turned positive in July. The 10-yr bond yield has moved from a low of 3.18 on Oct 7 to Wednesday's 3.42.
So, is this the last kick before Dow started to turn down from here as shown below.
Or is Dow going to build up its momentum and punches through the upper resistance line as shown below.
I think case (A) has a higher probability.
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