The Dow Jones Making A Break For It!

18 ธ.ค. 2019

The overall structure of the Dow Jones 30 looks positive. The most recent pullback came down
and tagged the support level from the consolidation resistance and bounced off from that level.

After periods of consolidation, it is always good to see price retest support levels as it confirms
the support level is holding and gives more strength to the buyers. Now what we ideally want to see
is for price to continue to trade above the previous high at $28,175.

This will tell us that the buyers have enough momentum to see that price continues to create
higher highs for the next few weeks and months.

This is a good early indication that a strong bull trend may be unfolding and helps to prepare
us to take advantage by entering strong bullish stocks.

The Dow Jones has seen some nice growth over the last year, rising by 29% or 6,500 points.
This may seem like big growth to some but we may be in store for even further growth in the Dow
and overall US market.

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As always, keep it simple, keep it Sublime.