Rotuma

DJI Forecast; it will continue up if it holds above 34753

DJ:DJI   Dow Jones Industrial Average Index


DJI bounced back from the precalculated major support line at 33608 and made some strong moves to the upside, closing Friday's session above 34045, an active trading area in previous pullbacks.

This post is an update of my earlier post on Jan 16

The Index will need to break and hold above 34753 to continue its current direction if it fails; a retest of support at 3405 and 33608 could come into play.

The charts' estimates are automated through a system that predicts critical levels of future price movements.



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.