Tuesday, 23 January 2024

DJI Dow Jones Industrial Avg Index: Hit the 38000 P&F chart target as the great conspicuous consumption bubble gains steam! Index is ripe for a consolidation/correction!

 DJI Dow Jones Industrial Avg Index:  Hit the 38000 P&F chart target as the great conspicuous consumption bubble gains steam! Index is ripe for a consolidation/correction! 

Next targets 38500/39000! Index is up +31% since the primary P&F chart buy signal and up +16% since the most recent buy signal!

Beware any P&F chart reversal to signal the end of the current trend and the consolidation process back down to 36000 support zone. The index is also close to the Fib extension target of 38300! 







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