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E-mini Dow Jones ($5) Futures

Dow Jones Still In Uptrend (Higher Low Needs To Hold)

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If this uptrend is to continue, this higher low that was formed today needs to hold.

I don't believe a top is in yet, not until 42,000 area. I believe NFP will be bullish.

Note
41,000 is a very strong support level using Anchored Volume Profile

snapshot
Note
If this up channel can hold after that sell off from Tuesday, then I believe it can squeeze more to the upside. If that higher low starts to fail and price starts selling off again then I will have to reevaluate.

snapshot
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Technical IndicatorsTrend Analysis
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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.