Price is currently in a bullish spike and grind channel. Price is moving 1200 ticks up and 800 ticks down in a grindy up and down bullish trend. Friday, August 22nd was the breakout from the July range and since then, has now been grinding.
800 ticks down from the recent high would put Dow in the park around 46,300 or so. This would mean we are in a counter trend pullback phase with a couple of down days.
After the pullback, 1200 ticks higher would put Dow around 47,750 or so.
With the final quarter of 2025 upon us, I am curious where it will close at. So far it has been a choppy year.
Our current price action reminds me of late 2020, early 2021. Just a grinding march higher and a complete chop fest.
800 ticks down from the recent high would put Dow in the park around 46,300 or so. This would mean we are in a counter trend pullback phase with a couple of down days.
After the pullback, 1200 ticks higher would put Dow around 47,750 or so.
With the final quarter of 2025 upon us, I am curious where it will close at. So far it has been a choppy year.
Our current price action reminds me of late 2020, early 2021. Just a grinding march higher and a complete chop fest.
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Disclaimer
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.