On the chart we can see a good resistance trendline around 35282. If it can cros that trendline with a open and close candle, it's possible DJI can go till 37815 (depending where we're on that moment). And If it cros the trendline and passed 35600 (meaning it maked a HH)
Everything is possible but i don't believe the DJI will go to 37815. (IMO the long bull run is over)
For the moment the support trendline (now around 34500) was too strong for failing, if a candle will open and close below it, the target and road to 30500 is in (IMO)
May will be a very important month with those hikes (what is needed for the inflation) are coming
Just to be careful and patience is the key
Everything is possible but i don't believe the DJI will go to 37815. (IMO the long bull run is over)
For the moment the support trendline (now around 34500) was too strong for failing, if a candle will open and close below it, the target and road to 30500 is in (IMO)
May will be a very important month with those hikes (what is needed for the inflation) are coming
Just to be careful and patience is the key
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.