Dow Jones Industrial (DJI) is currently sitting above the support of Uptrend Line on it's monthly chart. The Potential Reversal Zone of a Bullish Alt 127.2% ABCD is being respected on it's daily chart and still above the 200 Moving Average. In my opinion the uptrend is still intact and what is happening is just a correction an oppurtunity for us to buy at lower prices. Resistance is seen at 24,217 and support levels are at 23,787 and 23,239.
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| Monthly Chart |
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| Daily Chart |
Thanks for sharing, that looks interesting!
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