Dow Jones

Good Evening Dynamic Traders,

Tonight's chart for review is the Dow Jones. Below are the weekly and daily charts.

The index has been in a recent trend up. Price is at the VI with some resistance and trendline support. MACD is showing divergence on both timeframes, on the daily chart long term and shorter term divergence is apparent. In addition, a Fib reversal level is not too far. Will price break through the resistances and continue up or will it retreat albeit temporarily until the buyers gain momentum?


























Good Trading!
Bijal Shah