We are currently at another all time high on the DOW. We are currently trading above the value area high of yesterday. A break below this level can open up a retracement down to the point of control (26670). See the first image below. The current 03-10-2018 DOW price is 26862 at the time of writing.
This market is clearly bullish. The trend defining level for me is 26340. However, a break below 26550 will create the warning signs. We are also very close to the weekly R2 already.
We do not have any other markers above, this is new territory. But the buyers are still in control, for now.
|DOW KEY LEVELS|
|Value Area High||26766|
|Value Area Low||26550|
|Camarilla Breakout (Bull)||26959|
|Camarilla Breakout (Bear)||26647|