DOW JONES INDEX Analysis .

14 may 2020

I think CURRENCYCOM:US30 Index is facing a key level at around 24400 (Green Line) .As long as we don't close significantly , in an upcoming day , above the green line and break above the black line above it , I don't think there would be a reason to believe in a real bullish continuation and recovery of the DOW JONES .Price could try to break the green line by going back to the 22350 (blue line) area then bouncing up from there to break the green line area , but If the bulls fail to help the price bounce up from the blue line , there would be a considerable probability to break below the blue line and eventually return to the starting point at around 18250 .