top of page
Search

Technical Review of Dow Jones Industrial (INDU)

INDU continues to set new all-time highs, suggesting leadership. The recent breakout above 33,228 (3/29/1) suggests next target to 34,385, and above to 36,586 (161.8% Fibonacci Projection), and then to 40,923.5 (V-breakout target. The RRG study on INDU suggests more than half (17 INDU stocks) are residing in Improving and Leading Quadrants. INDU leaderships continue to be concentrated within cyclical names.



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_93c1791e868949dba0213de577e5997f.pdf


41 views0 comments

Recent Posts

See All

Technical Summary Equities – SPX – A head and shoulders bottom pattern hints at a breakout above the neckline at 4,607-4,609 (Jul and Dec 2023 highs). A breakout suggests 506.15 points, rendering an S

bottom of page