Dow breakout or breakdown?

“A picture is worth a thousand words” can be the truth. But when it comes to believing the picture, emotions may interfere. Like the DOW 30 structure clearly illustrates a breakout. However, we can still debate about it. “It’s not clear”; “We can give it another week”, “We don’t have volume confirmation”, “It’s a corrective”, “Dow breakout does not mean anything, it’s the Chinese SSEC that matters now”‘; “It’s a trap” etc. We just choose to make our life complicated. Whether prices fail tomorrow remains to be seen, but as of now we have a positive price confirmation of a decade. And the first rule for a trader or investor should be not to argue with the price.
In case you have missed our historical call regarding DOW @ 20,000. You should revisit it today.