Dow Jones - All time high and 20% rally?

20 thg 5

Hello Traders and Investors, today I will take a look at the Dow Jones.

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Explanation of my video analysis:

For more than a decade, the Dow Jones has been trading in a rising channel formation. We had the first retest of support and resistance back in 2011 and ever since this was a massively profitable channel pattern. With the recent breakout above the $35.000 resistance level, the Dow Jones clearly looks like the next target is once again the upper resistance of the channel.

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Keep your long term vision,
Philip (BasicTrading)

27 thg 5

Ghi chú

Channel pattern is still valid and playing out as described.

We might see some choppy markets but the overall trend is clearly higher:

5 thg 6

Ghi chú

Dow Jones still a lot weaker than the Nasdaq.

Strength continues most of the time, so maybe Nasdaq is the better option?