Can Dow Jones Go Even Higher This Week?

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During the previous trading weeks, the market moved in an upward direction inside the green channel. Then we saw a sharp decline to the lower green bound, after which there was a rebound from this wall, and the bulls again continued to push the price up.

It is likely that at the moment we see the growth of the market towards the nearest resistance level of 28437, which is on the upper bound of the yellow channel.

The implementation of an alternative scenario is possible if the bulls lose their strength, and the bears take control of the price behavior. In this case, we may see a slight decline to the support of 27647.

In the event of a break of this level, the bears will open a path towards the lower bound of the yellow channel and the support level of 26666.


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