Dow Jones Closes the Year with a Splash. How Will it Do in 2020?

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The market continues to grow within the bullish green channel in the direction of its upper wall. It is likely that the trend will continue to the resistance level of 29156, as indicated on the chart.

An alternative scenario is possible if the bulls lose strength and break below the red line of the moving average near the support level of 28534.

If the specified price level is broken below, the decline may continue until the next support of 28129, which is on the lower bound of the green channel.

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