Dow Jones Weekly Interview ( historical gains)

DowJones Weekly Interview

DowJones again recorded new historical gains
Still, the bullish trend is available, because DowJones Companies recorded positive earnings in the last quarter of 2023 that will support more rising, to get around 40,000 points

but we have two scenarios:
the first one reaching 39550 and then starting a yearly retest to get about 35670 during the first to the second quarter of this year to be a good opportunity for the banking trader then will start a bullish trend to get about 43,000 points,
the second scenario is making a strong spike before retesting, crossing the secondary channel at about 39550 nearly about 40750 points, then starting a falling to the support line 34180 before pushing up,


Pivot line: 39450
Resistance Prices: 40500 & 43300
Support Prices: 35670 & 34180