DOWJONES 9-1-2024

Technical Analysis

By Shady Fouad On Jan 9, 2024

DOWJONES 9-1-2024.

Dow Jones index broke the lower boundary of the ascending channel, testing the secondary support zone around 37,200 before rebounding higher. There’s a likelihood that prices might retest the 37,800 level, and if it breaks above, we could resume the up-trend. On the other hand, if the previous support is broken to the downside, the index may test the historical peak it breached in mid-December around 36,950.

Support	37450	37200	36950
Resistance	36950	38000	38450

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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