Dow Hits Record Highs as Markets React to Fed Remarks
Updated
Dow Closes at Record Highs
The Dow Jones closed at all-time highs on Monday as markets assessed comments from three Federal Reserve officials regarding the central bank's recent monetary policy decisions.
Technical Outlook: Stability above 42,210 would signal that the Dow Jones is in a bullish zone, with potential targets of 42,500 and 42,810. However, a 4-hour candle close below 42,200 could trigger a decline towards 42,070, and a sustained move below this level may lead to a further downtrend targeting 41,565.
Key Levels:
Pivot Point: 42210
Resistance Levels: 42450, 42700, 43040
Support Levels: 42070, 41770, 41565
Trend Outlook: Bullish while above 42210
previous idea:
The Dow Jones closed at all-time highs on Monday as markets assessed comments from three Federal Reserve officials regarding the central bank's recent monetary policy decisions.
Technical Outlook: Stability above 42,210 would signal that the Dow Jones is in a bullish zone, with potential targets of 42,500 and 42,810. However, a 4-hour candle close below 42,200 could trigger a decline towards 42,070, and a sustained move below this level may lead to a further downtrend targeting 41,565.
Key Levels:
Pivot Point: 42210
Resistance Levels: 42450, 42700, 43040
Support Levels: 42070, 41770, 41565
Trend Outlook: Bullish while above 42210
previous idea:
Trade active
US30
The price still have a bullish direction while trading above 42210 to get our price we mentioned….
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