Dow Jones Industrial Index: Fighting hard to break out past key Cloud Chart (CC) resistance zone!
The weekly CC looks rather risky from a CC resistance point of view!
Critical week ahead for a strong high volume breakout past these resistance levels!
On the daily CC the DJI is fighting to maintain support at the top end of the CC. The 33333 front cloud resistance zone seems to be a critical resistance zone to get past! Price action above the cloud is bullish and offer swing trade opportunities if support holds at the top end CC zone!
Downside risk to the bottom end of the cloud for Q1!
No comments:
Post a Comment