DOW JONES The closing of the 1day candle can send it to 34900
Dow Jones/ US30 hit yesterday Resistance A (34260) but closed the candle under it.
If it closes over it, especially if the Fed assists with favorable news today, buy and target Resistance B at 34900.
Until it closes over it, a rejection is equally possible, with the 1day MA50 being the lowest buy entry in the event of a pull back.
The 1day MACD is still on a Bullish Cross, showing a healthy bullish trend.
Previous chart:
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If it closes over it, especially if the Fed assists with favorable news today, buy and target Resistance B at 34900.
Until it closes over it, a rejection is equally possible, with the 1day MA50 being the lowest buy entry in the event of a pull back.
The 1day MACD is still on a Bullish Cross, showing a healthy bullish trend.
Previous chart:
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