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Technical Review of Dow Jones Industrial Average (INDU)

INDU has corrected 7% from the 11/8-12/1/21 setback and is now rebounding from key support at 33,272-33,613 (6/18 and 9/20/21 higher-low trend line). Key initial resistance is 35,288.5-35,631 (11/26/21 gap-down, 8/16/21 high, and the 50-day ma).

INDU RRG study suggests a selective market. Only 11 INDU stocks are in the Improving and Leading Quadrants. HD, MSFT, CVX, UNH, GS, AAPL, PG, and NKE show technical strengths.


Source: Courtesy of StockCharts.com

To view the entire report go to the Reports tab on the website or click the following:


https://72150fac-a2b1-4107-bcb6-58c3b0a146d7.filesusr.com/ugd/f8f1c6_272b3d031d7642afae60274a58dca1c8.pdf



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