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Dow outlook – Bullish price RSI divergence, but…

FX:US30   Index of top 30 shares on Wall Street
  • 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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