Index

Dow Jones may rise to 41360 - 42450

2024-08-17

Pivot

39800

Our preference

Long positions above 39800 with targets at 41360 & 42450 in extension.

Alternative scenario

Below 39800 look for further downside with 38500 & 37700 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

42600

42450

41360

40668 Last

39800

38500

37700

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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