Dow Jones Hits Another Historic Record! Time to Trade US Stocks?

Google+ Pinterest LinkedIn Tumblr +

Over the previous trading weeks, we saw a large bullish trend from the lower bound of the yellow channel to its upper wall. After rebounding from the upper yellow bound, the bulls did not allow the price to go down, instead, we see that the market again almost reached the yellow bound and the resistance level of 28240.

SELL US Stocks        BUY US Stocks

If in the near future we see a rebound from this level, and then the price breaks below the support level of 27768, which forms the lower bound of the green channel, the bears will open the way towards the level of 26577, which is on the lower yellow bound.

 

In the event of a break above the level of 28240, the downtrend will be temporarily canceled, and the bullish trend will continue.

Share

About Author

Leave A Reply

Translate »