Dow

The Dow made a small inverted hammer reversal pattern Friday.It made a new high and closed below Thursday's low.We broke through the Gann resistance levels ,which is bullish,but it is still possible to regard this as a bearish rising wedge.Bulls need to see a HL confirming the breakout,bears need to see a break back below resistance (False break pattern) Next week is 90 days from the Dec low (a minor cycle) and Spring Equinox,suggesting a possible turn on Monday or Tuesday.the nature of any pullback will be very important in determining the next move.Sentiment seems very bullish now,with even bears predicting higher prices.