DOW JONES Big Buy signal if it holds the 1D MA50

Dow Jones (DJIA) has gone a long way since the efficient buy signal we gave exactly 2 months ago:


The index is right now testing the 1D MA50 (blue trend-line), which has closed 3 straight 1D candles above it and 4 since May 04. Since it broke below the Channel Up, going to the 1D MA200 (orange trend-line) and 32800 is possible but not as long as it keeps closing above the 1D MA50, which has been established as the short-term Support. Instead, as long as it does, we are bullish and targeting 34250.


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