DOW JONES INTRADAY PLAN - ALL-TIME HIGH?
The index is just a few points of its all-time high after a 3-week bull rally following the sell-off between August 1 and 5.
With a high of 41,409 and a current price of 41,231, this afternoon's US session could be decisive for the index.
In this last week of August, the US industrial index could pave the way for a new record high before heading into September, which is historically a red month for equities.
In the event of an early correction, certain levels could act as supports:
Zone: 40,900 - 41,000 points
FVG (fair value gap): 40,120 - 40,300 points
Low since the rebound: 38,600 points
Follow the trend.
Maxime Dominguez - Analyst for Activtrades
With a high of 41,409 and a current price of 41,231, this afternoon's US session could be decisive for the index.
In this last week of August, the US industrial index could pave the way for a new record high before heading into September, which is historically a red month for equities.
In the event of an early correction, certain levels could act as supports:
Zone: 40,900 - 41,000 points
FVG (fair value gap): 40,120 - 40,300 points
Low since the rebound: 38,600 points
Follow the trend.
Maxime Dominguez - Analyst for Activtrades
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.