Not much to add. Near-term, the market established a small downtrend on Friday, so bulls will need to sustain a breakout over 3275-78 to help break that down trend. Long-term, the market has plenty of wiggle room:
INDU shows the relevance of Friday's low:
In conclusion, the market established a near-term downtrend on Friday, so bulls will need to muster a bit more upside to break out of that. Intermediate and long term, the uptrend remains intact. Trade safe.
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