DOW JONES INTRADAY PLAN - ALL-TIME HIGH?
The index is just a few points of its all-time high after a 3-week bull rally following the sell-off between August 1 and 5.
With a high of 41,409 and a current price of 41,231, this afternoon's US session could be decisive for the index.
In this last week of August, the US industrial index could pave the way for a new record high before heading into September, which is historically a red month for equities.
In the event of an early correction, certain levels could act as supports:
Zone: 40,900 - 41,000 points
FVG (fair value gap): 40,120 - 40,300 points
Low since the rebound: 38,600 points
Follow the trend.
Maxime Dominguez - Analyst for Activtrades
With a high of 41,409 and a current price of 41,231, this afternoon's US session could be decisive for the index.
In this last week of August, the US industrial index could pave the way for a new record high before heading into September, which is historically a red month for equities.
In the event of an early correction, certain levels could act as supports:
Zone: 40,900 - 41,000 points
FVG (fair value gap): 40,120 - 40,300 points
Low since the rebound: 38,600 points
Follow the trend.
Maxime Dominguez - Analyst for Activtrades
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