The Dow Jones trades in a gently upwards sloping channel. Having recovered from 38,400, the August low, the price rose to a fresh all-time high of 41,582 yesterday. The price hovers just below here today but is still above the near-term falling trendline support level.
Buyers, supported by the RSI above 50, will look to rise above 41,582 towards 42k and fresh all-time highs.
Immediate support is at 40,800, the near term falling trendline. Beyond here 40k comes into play.
FC
Buyers, supported by the RSI above 50, will look to rise above 41,582 towards 42k and fresh all-time highs.
Immediate support is at 40,800, the near term falling trendline. Beyond here 40k comes into play.
FC
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