U.S. Dow 2014 Chart Review

U.S. market is still in super Bull since 2009, longer than 2003 to 2007 Bull Market. If you ask me this year U.S. market will continue the bull run? I don't know! The important thing is to take correct action at correct timing.

Take U.S. Dow as a "stock" chart, its a swing trade year for active trader. 

On 2 Jan 2014 it close with a down bar, following show downward movement and sell signal. 5 Feb 2014 a Doji candle stick follow by a long up bar, active trader may enter for rebound. 

As usual. test resistance on 4 Apr 2014 then test support form consolidate pattern and break up. This movement repeated 3 times! 1st time on 13 May 2014, 2nd time on 3 Jul 2014, follow by deep retrace and test support again rebound.

3rd time on 19 Sep 2014 show a "shooting star" reversal candle stick pattern with huge volume follow by another deep retrace.

16 Oct 2014 a reversal candle stick confirm by a follow long up bar trigger the rebound. This strong rebound broke several resistance decisively and surprisingly! 

Price don't always move in one direction, retrace then rebound and form pattern is what it will always do, now what pattern it form is not important, the resistance of 18000 point and support of 17000 point determine the following direction of U.S. Dow. 

Nobody can tell you what you should do except yourself, to profit or to loss the game.