What is Picasso saying ?

Again, Picasso is not displaying any swings going forward for the DJIA.  So it is not easy to interpret a near flat line with an upward bias.  But, GE is the only stock left in the Dow30 that is one of the original DJIA stocks.  Although the price charts of GE & the DJIA are not similar, their changes in trend have been similar in the past.  Due to this similar trend between GE & the DJIA, it is best that Picasso's readings for GE be used temporarily as a proxy for the DJIA. So here are those results.

Picasso's dates are always +/- and note to watch for inversions as they sometimes happen
3/15L
3/18H
3/21L
3/29H

The market is short term OB and the cycles look positive.  SInce the Feb 11th low, the market displayed what some call an escape thrust.  We had three consecutive days of greater than 1.50% gains.  This momentum appears to be stronger than most believe.  

Not a bad idea to look at this post again
2016 Bear or Bull ?
http://justsignals.blogspot.com/2016/03/2016-bear-or-bull.html

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results