Quantium_Research

If Dow Jones fails to retest upper channel line, it could break

TVC:DJI   Dow Jones Industrial Average Index
The Dow has run into some resistance near prior highs. Thus far it has been unable to retest the upper rising channel line. It needs to break above short-term resistance to maintain momentum in this uptrend. Failure to do so will make us much more interested in how the market behaves at the lower channel line, which it could break through, as shown by the blue bars.

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.