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Apr 12, 2024 2:33 AM

Watch Dow Utility Trend Lines 

Dow Jones Utility AverageDJ

Description

A break of the DJU trendlines could determine its course for the next several weeks.

A break above the DJU declining trendline from the December 2022 peak could open the door for a rally to 1,000.

A break below the DJU rising trendline from its October 2023 bottom could trigger a move back down to the October 2023 bottom.

A move below the weekly RSI moving average could be an important confirming sell signal.
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