Where will it go ? Well, we do not try to predict, rather, we react as the market unfolds. Currently, the trend is bullish. We should try to get long on the bullish uptrending stocks.
We will maintain our bullish opinion till the Dow Jones Industrial Average (^DJI) turns below 10,156 low, which is a major Resistance point.
At that point, the market will no longer be bullish.
We can call it a side ways market.
If Dow Jones Industrial Average (^DJI) goes below 9,708 level then Dow has broken downwards from the sidewards range and will be in a bearish trend.
Attched is a picture of the Dow Jones Industrial Average (^DJI) .
Click on the chart to enlarge
