We are looking at Dow Jones Industrial Average (US30) right now. The index has been sideways since last week.
From our technical standpoint, we are watching closely whether the index will close above 28290 right now. If this happens, the next target potentially will be the all-time high of 29587 on 12 Feb 2020.
On the other hand, if it fails to close above 28290, then the index could test the downside where our first support level will be 26820, followed by the next support level will be 26456.
Good trading!
From the Desk of NinjaSingapore
17 August 2020
From our technical standpoint, we are watching closely whether the index will close above 28290 right now. If this happens, the next target potentially will be the all-time high of 29587 on 12 Feb 2020.
On the other hand, if it fails to close above 28290, then the index could test the downside where our first support level will be 26820, followed by the next support level will be 26456.
Good trading!
From the Desk of NinjaSingapore
17 August 2020