Dow Jones Industrial to 38000
The monthly overall is in an uptrend. 33,225 is the golden zone (61.8% FIB) and it has formed strong support in this area with a lot of unfilled liquidity. If PMI reports come out good on 2/22 we will be bullish this week. Assuming tensions ease up with Russia, we will be bullish until the next rate hike meeting and could potentially take out the previous ATH at 37,000. Of course, there are a few more confirmations that we would need and I have placed them in text within the chart.
Happy trading, cheers!...
Happy trading, cheers!...
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