Chart of the day

Where do we stand fundamentally?

DJIA blue chips stocks have a great potential of the further growth and expansion especially with the potential rate cuts so I am staying bullish still in new uptrend cycle.

DJIA is reaching the support of 40000 for a new extension higher into 44000. Deeper pullback and an invalidation of immediate extension higher should happen upon a break below 37000

An invalidation level of a fifth wave long-term extension higher and a new bullish cycle is 34800. This extension higher could lead to 44000 target in the medium-term to long-term upon a break above 41000 again and a bounce from 40000.

_{To join the trend and take advantage of the bullish cycle look for a long trade entry with a stop loss below 38500 to target 43000 at least. You can trade it with options as well.}