DOW JONES: pulling back to the 1D MA50 again.

CAPITALCOM:US30   Dow Jones Industrial Average Index
Dow Jones has had a technical HH rejection at the top of the dotted Channel Up and just as quickly, the price is approaching the 1D MA50, which offered support on the June 26th rebound. The 1D technicals are neutral (RSI = 48.089, MACD = 156.460, ADX = 28.256) indicating that the 1D MA50 is now the pivot level: as long as it holds, expect the price to bounce on it again, so we will buy and target the R2 (TP = 34,95) but if it closes a 1D candle under it, sell and target the bottom of the dotted Channel Up (TP = 33.000).

The strongest buy opportunity on a four month basis is when the RSI hits its HL trendline.

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##


Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel:

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.