Today I’m sharing my views on Dow Jones Industrial Average.
Dow Jones has been in upward move since mid-2009, according to me it is still bullish, 13300 is a strong resistance but if Dow breaches this level it will head for new highs & first target would be around 14500.
11500 & 10000 are very important supports, if we see the Dow breaking below these levels it would be the beginning of a bearish move.
Dow Jones INDL A – Weekly Chart
Dow Jones has been in upward move since mid-2009, according to me it is still bullish, 13300 is a strong resistance but if Dow breaches this level it will head for new highs & first target would be around 14500.
11500 & 10000 are very important supports, if we see the Dow breaking below these levels it would be the beginning of a bearish move.
Dow Jones INDL A – Weekly Chart
All the important supports & resistances are mapped out in the chart above.
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