LoveForCharts

Dow Jones, trending upwards

Long
TVC:DJI   Dow Jones Industrial Average Index
DJI has got on the uptrend on the weekly charts, mimicking the uptrend seen on Weekly charts on the S&P 500

The charts shows a series of higher highs and higher lows, confirming the current uptrend and the recently weekly candle has closed over the previous high indicating continuation of the uptrend. Watch for any retracements to see if the lows are higher than the previous lows.

Post the entry signal, Dow jones has given a positive return of nearly 6% so far.

if higher lows are confirmed, one may treat this as an fresh entry point by also looking at lower time frame charts

Linking below my last analysis on S&P.

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If you want any specific analysis, drop a comment below and I will come up with various time frame analysis for you

Cheers
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