DOW INDUSTRIAL'S Watch 25000 Support/ W/E 8/3/18
The Dow Jones Industrial Average rose almost 400 points to 25451.06
My Daily Close Only/ Weekly Bar Chart shows a perceptible Bullish Breakout on the close on 7/27 above 25420
HOWEVER ,With the weakness in the Nasdaq 100 hitting the market last week
the DOW should be watched very closely for confirming evidence either side of Bull/Bear this coming week.
Apple which is part of the DOW reports earnings which could help set the tone + short term direction for the Dow.
A Close Above the 2/26/18 High of 25709.27 would be a BULLISH BREAKOUT
A Close Below the 7/23/Close of 25044.29 would be a BEARISH BREAKDOWN WEEK ENDING 8/3/18.
THE_UNWIND
My Daily Close Only/ Weekly Bar Chart shows a perceptible Bullish Breakout on the close on 7/27 above 25420
HOWEVER ,With the weakness in the Nasdaq 100 hitting the market last week
the DOW should be watched very closely for confirming evidence either side of Bull/Bear this coming week.
Apple which is part of the DOW reports earnings which could help set the tone + short term direction for the Dow.
A Close Above the 2/26/18 High of 25709.27 would be a BULLISH BREAKOUT
A Close Below the 7/23/Close of 25044.29 would be a BEARISH BREAKDOWN WEEK ENDING 8/3/18.
THE_UNWIND