Wednesday, 16 May 2018
Dow Jones Industrial Average: 16 May 2018, Wednesday, 12.15am Singapore Time
16 May 2018, Wednesday, 12.15am Singapore Time
(Click on Technical Chart above to Expand)
Attached above is the Technicals for Dow Jones Industrial Average. It has broken up the extremely large symmetrical triangle of consolidation in black. A large break-up in price structure yields a large price move up. This means DJIA will begin to move beyond the highest high of the triangle. The next target will now be a break-up of 26705.6 points. The next long term target will be 30,000 points for the Dow Jones Industrial Avg Index. DJIA is currently attempting to do a short term backtest at the light green support zone. Once this current back-test of resistances-turned-supports conclude soon, it will brew for a breakout of 26705.6 points. Buy on dips. Markets are very bullish with high upside ahead.