Dow outlook – Bullish price RSI divergence, but…

FX:US30   Dow Jones Industrial Average Index
  • Dow’s failure to take out 17374 despite sharp rebound following a bullish price RSI divergence on the hourly chart could push the 17,267 ( 200-DMA             ) in which case the index could re-test recent low of 17,060.
  • On the other hand, a beak above 17,374 could signal continuation of the rebound from 17,060 and open up 17,534 levels.
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