DJIA Is Nearing Support
Mar 10, 2023

DJIA

Dow Jones Futures chart with ticker DJIA made an impulsive rally already back on October/November 2022. Since then, it’s trading slow and sideways, which we see it as a complex W-X-Y corrective structure.  So, while it’s already approaching projected 32k – 31k support zone, be aware of bounce and bullish continuation soon. Bullish confirmation is above channel resistance line and 34500 level. As long as the price is October 2022 lows and above 28600 invalidation level, we will remain bullish.

DJIA Is Nearing Support Daily Chart
DJIA Daily Chart

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