Dow Jones Monthly Chart:
Updated
Dow Jones Monthly Chart:
The index is approaching the levels from where the index has broken out in the month of May-2015 and August-2016. The break out levels are 18400 and 18700 respectively. (Red Line)
Around 18000-18200 the trend-line joining highs of 11700 (Jan-2000) and 14200 (Oct-2007) is also lying. (Blue Line).
For educational purpose.
The index is approaching the levels from where the index has broken out in the month of May-2015 and August-2016. The break out levels are 18400 and 18700 respectively. (Red Line)
Around 18000-18200 the trend-line joining highs of 11700 (Jan-2000) and 14200 (Oct-2007) is also lying. (Blue Line).
For educational purpose.
Note
As mentioned on 21st March 2020, regarding Dow Jones Industrial Index approaching towards the strong support zone of 18000 to 18200. On 23rd March 2020 the index hit a low of 18213 and bounced 2500 points which is more than 13% in couple of days.Time will tell if the lows are held or not.
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