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Dow Jones Industrial Average (DJI)

NYSE
Currency in USD
Disclaimer
38,085.80
-375.12(-0.98%)
Closed

Dow Jones Industrial Average Discussions

Far from ideal opening as the gap up during the Asian future's session was countered later in the day And the price is again at the bottom of the 1W Channel Up (RSI = 49.238, MACD = 478.600, ADX = 40.054). The 1D chart is close to entering the oversold territory (RSI = 31.344) and I believe we will test the next line of defense at 27,315 (December 3rd low), which is also the 1D MA200. Keep in mind that this is at the moment highly correlated to the Oil market. This is still a long term buy opportunity so I remain long (TP = 28,800 and 29,550 in extension).
i believe in you george
Thanks George
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