|Dow Ind Review|
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to long-term trends, it does not define them. The focus on short-term noise rather than trends, a source of confusion for the majority of investors, leads to the creation of bagholders at major trend transitions.
The Dow Industrials' overall trend, revealed by trends of price, leverage, and time, are defined in the The Matrix for subscribers.
The setup in the Dow Industrials (US stocks) has changed little since the most recent discussions. A rally that challenges nearby overhead reversal zone (s) remains the play. Although Europe's continuation or escalation of lockdowns has been discounted by the invisible hand, their length has not. Lockdowns extending into 2021 will intensify safe have capital flows throughout the world. This will influence the dollar, Euro, bonds, stocks, etc.
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