DJI: Dow Jones Index 4500+ point rebound rally ran into Cloud Chart (CC) resistance!
Downside risk to front cloud potential support zones of 32106 then the standard line of the cloud at 31471 and if support fails there as well the next key downside risk zone is 31111 the front end bottom cloud support zone!
Price action is below the weekly cloud and that remains overall bearish!
The DJI is still trading above the top end of the cloud on the daily CC and this is bullish. Potential support zones to be tested are 32217/31963 old CC resistance zones, if support fails there then downside risk towards the top end of the front end of the cloud at 31482 where we can see a rebound if support holds and then a rally into the year end.
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