Papa Dow Breaks Out
While the tech-heavy Nasdaq 100 is struggling, "The People's Index" is breaking out to fresh record highs.
The Dow has comfortably broken above previous resistance near 40K, stretching its gains to above
41K so far. While a near-term dip is possible given the overbought RSI indicator, the longer-term bias will remain to the topside (and bulls will be looking to buy) as long as prices remain above 40K.
-MW
The Dow has comfortably broken above previous resistance near 40K, stretching its gains to above
41K so far. While a near-term dip is possible given the overbought RSI indicator, the longer-term bias will remain to the topside (and bulls will be looking to buy) as long as prices remain above 40K.-MW
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.