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DOW JONES Technical analysis 14 September 2018

2018-09-14 07:34 am | Resource: Technical Analysis | No Views : 46

Time frame Used - four hours
The Dow Jones industrial average is moving in a bullish direction in the near term
the Purchasing power managed to control the movement of the Dow Jones to break through the resistance level around the  26030 - 26154 levels to reach the level of 26216
In view of the technical indicators
Both the RSI and the Stochastic are indicating the arrival of the indicators in the overbought area
Accordingly, we expect that the Dow jones will target the 26300 level
  The alternative scenario is that the Dow Jones test level of  26154 again
Resistance: 26154-22600 - 26450
Support: 26030-25798-25559
Direction: Up
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