TVC:DJI   Dow Jones Industrial Average Index
DJI broke upwards out of a pennant yesterday. Some pennant breakouts retrace back to previous resistance and bounce off and continue upwards. I've marked the support it needs to bounce off of for a pattern continuation.

Any bearish situation would only come about if the Dow were to tank 400points and drop below bearish zone or Fib.236

IMO out of all the exchanges the Dow is showing the most strength; Especially in its daily RSI. which I've charted. take a look.

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.