The INDU is up more than 200 points today, what is the reason?

Treasury Secretary Steven Mnuchin said today that the U.S. is closing in on presenting a substantial tax reform.
“We’re pretty close to being able to bring forward what’s going to be major tax reform,” Mnuchin said while speaking at the IIF Policy Summit in Washington, DC.

I hope for the buyers, that the tone does not change tomorrow.If you are trading the INDU/DIA then know that on Monday, April 17, the INDU closed 184 higher.

The next 2 trading days closed lower.

The INDU has the 20 DMA @ 20620, 50 DMA @ 20697

Long term selling zone @ 20774-20868

 

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