Dow Jones Industrial Market Outlook for the month of November

Dow Jones Industrial forming a bullish trend formation using the EMA10,20,50 days trend lines analysis.

Observing the 2010 September bullish trend formation, the DJIA rallied for at least 6 months before it peaked and formed a Deathly Cross (trend reversal) which lead to market crash during the mid of 2011.

Once again the DJIA formed another Bullish trend formation with a Golden Cross this week. Let's observe how the market will perform and possibly reach the peak of 12,700 points (previous high).

Dow Jones Industrial forming a bullish trend in the Weekly Chart.

Back in 2010 September, DJIA Weekly Chart formed a weekly Golden Cross using the EMA7,21 weeks + weekly MACD Golden Cross. This bullish trend lasted for nearly 10 months before a trend reversal sign was formed.

In 2011 October, the DJIA is forming another Weekly Golden Cross using the EMA7,21 weeks + with a Weekly MACD Golden Cross. A year end Bull Rally for the DJIA??