European markets ignored the initial negativity and noise at the start of the session and are now positively upbeat for the launch of the US stock markets. DJIA registered a new all-time high yesterday, and today's futures indicate an even higher opening price for the index.
Formation at Dow is three white soldiers after breaking a previous peak in ascending trend, which is a very strong signal for trend continuation. We remain extremely stately as if the bar closes bullish, we will be waiting to enter long after every decent adjustment of 30 to 50% of the bar that will close today.
ADP data came above expectations today, indicating investors to expect better data on Friday for Non Farm Payrolls. Additional positivism is likely to dominate the American session, and today any correction will probably be used to position with the trend.
Red light remains shining like today in the New York administration will look at the Trumps business for possible tax abuses, which may give some noise and the desired little retracement.
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