Dow is now challenging the all-time high at the blue line on a 6-day winning streak. In the past 30 years, excluding this time, there have been 66 6-day winning streaks, of which 71% closed higher after 10 days. That means the odds favor more upside.
Still, should it fall back within the channel, we need to be more cautious.
Also, more than 300 stocks hit a 250-day high, including UNH and PG again. Click the link below to view them:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&highlow=250-day%20High
360miq.com/market?data=NYSE#tab-5
