Dow Jones Industrial tested previous low of 10,800 and bounced back. It has broken out of downtrend and been consolidating around 11,000.
Since it’s in summer months, it may not show any determined direction.
DOW Jones touching the trend line
Dow Jones Industrial Average closed at the current uptrend line. Breaking down from here indicates a trend reversal. If you want t0 trade, here’s an opportunity to go long and set a stop loss somewhere below the trend line, say, 11,000.
Two big drops in a row
Dow Jones Industrail Average lost its momentum and dropped more than 200 points in two days. The supports are shown in the chart. Breach at 11,200 will indicate a trend reversal.
Dow Jones @ 6 year high
Marching to 12,000. It will form a double top on this long term chart, which means we may see some pullback around 12,000.
Approaching 12,000 again
Dow Jones Industrial Average is matching towards 12,000 again since it reached that level briefly in 2000.