DJI: Dow Jones index managed to rebound from old cloud chart support zone: 18906!

DJI: Dow Jones index managed to rebound from old cloud chart support zone: 18906!

Index is not out the woods yet, but so far encouraging price action!

The bottom end of the cloud is now a new resistance zone, and the DJI need to break past this level as well: 20971!

As long as price action is below the bottom end of the cloud we will remain in a bear market! Need to be at least above the bottom end of the cloud for a new market rally to emerge!