DOW JONES is starting a 1 year Expansion phase.

2023年7月20日Dow Jones (DJI) has been on a bullish leg after it broke above the 1W MA50 (blue trend-line) and turned it into a Support. If we see the bigger picture on this 1W time-frame, we can relate to the 2015 - 2016 fractal, where the current sequence was the final bullish signal before a 1 year expansion phase. Even the 1W RSI patterns are identical and the Arc appears to be on its end.

As a result, investors should feel more comfortable buying stocks on a long-term horizon, especially as long as the 1W MA50 holds. After tested as Support on June 27 2016, it wasn't broken until October 22 2018, almost 2.5 years later!

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