Considering the very moody and red start to the week, the Dow is a mere 74pts from closing the week net positive. However, even if we close a touch lower today, or up somewhat shy of a 74pt gain, we have certainly seen a very strong bounce from the earlier low.
Dow, weekly, 2yr
Looking ahead
Clearly, the bulls will want to see the Dow break to new highs, and from a technical aspect, I believe its important this is done within 2 weeks, or it won't likely be possible in the mid (3-6mth) term.
Can the dow break 13300 by end April? Its a mere 314pts away..and we're seen that kinda bounce in the last 2 days alone. Things could get truly horrific for those who steadfastly hold short positions into next week and beyond.
Good wishes for Friday trading.