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.
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