Friday 17 August 2018

DJI Dow Jones Index: Great rebound from cloud support, but facing resistance:25563

DJI Dow Jones Index: Great rebound from cloud support, but facing resistance at a key 25563 zone.

The index rebounded strongly from the cloud chart support zone at the bottom end of the cloud: 24215! After a 1343 point rally, the index is now at a key resistance level, the old high of 25563!

A breakout past here, could activate the next key resistance zone at 25971! Fail that, downside risk towards the top end cloud chart support zone at 25038, and bottom cloud level of 24844 zones!

Critical week ahead!

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