Dow Jones Revisited

Good Afternoon Dynamic Traders!

I have chosen to assess the Dow Jones today.

The monthly chart has been down trending since October 2007 with sub chart indicators signalling sturdy weakness.

Below is the daily chart for the same.

A canvas of consolidation has been persisting for some months.

Price is now resting at a "zero" together with two clear support clusters.
The BB also reveal volatility close by.

Should price break the horizontal, confirmed by the BOB rules, we are likely to mark the trend trail continue into the next zone, towards a hardy support and figure flock.

This index can be unpredictable; be sure to utilise your ESLT wisely.


Dow Jones daily chart Advanced Get

Good Trading!

Saba Jackson