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Best Opportunities, Vision and Technical Analysis for The DOW JONES 11 February 2019

2019-02-10 10:15 pm | Resource: Technical Analysis | No Views : 236

Time frame Used - four hours
The Dow Jones industrial average30  is moving in a sideway direction in the near term.
DOW JONES CHART
the Purchasing power managed to control the movement of the Dow Jones to bounce higher to hit the 25119 level
In view of the technical indicators
Both the RSI and Stochastic are indicating signs of recovery.
Therefore, we expect that the Dow jones will test level of  25350, and this scenario fails in case of instability above the 24791 level.
  The alternative scenario is that the Dow Jones is breaking the 24791 level down to target the 24257 level.
Resistance: 25350 -25500 - 26083
Support: 24791 - 24257 - 24048
Direction: sideway
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