trendspotter

Dow Jones Industrial Average: Mega-trend since 1975

INDEX:DOWI   DOW Industrials
These are the long-term investment support and resistance levels for the DOWI             ( Dow Jones Industrial Average             ) mega-trend according to my analysis:

  • Higher support is slightly above 16000
  • Lower support if a crash happens is located below 13000 near the high of 2011 (which was 12876)
  • Next resistance area for a continuation of the uptrend is between 17450-17470

The red and green channels are the regression trend lines since 1975. The black horizontal lines are created with the Schiff Pitchfork tool using as high the recent peak from 2015.

Overall my outlook is neutral, because the price is currently above the higher support level . It becomes bearish if the price stays several months below it and it becomes bullish if the prices breaks again the area above 17470 and rallies towards the last 2015 high (18351 points).
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