Dow intraday: Upside prevails. The US index failed maintain ground and now trades at week’ low, which is slightly concerning, however we have not breach the previous high (29025), nor have we done a lower low (28740), hence the configuration remains bullish.
Intraday support: 29025, 28895, and 28740
Intraday Resistance: 29180 (daily pivot), 29300, 29367 (ATH)
An extension of the October/November move would lead us to about 29800 , however the Dow jones rose at an annualized return of 50% over the past 3 months, which is not sustainable over the long-run. Daily RSI is diverging, but there are no sell signal for the moment.
Intraday support: 29025, 28895, and 28740
Intraday Resistance: 29180 (daily pivot), 29300, 29367 (ATH)
An extension of the October/November move would lead us to about 29800 , however the Dow jones rose at an annualized return of 50% over the past 3 months, which is not sustainable over the long-run. Daily RSI is diverging, but there are no sell signal for the moment.
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.