Dow Jones had been trading in a long-term range (marked in the chart above) and has had 4 major price reversals since then. As can be seen from the chart, Dow had bounced off post 2008 recession (marked as the 4th reversal) and after a small dip in this major rally near the resistance line, finally closed above it. Dow has retested the upward sloping line to mark it as a support and is set to close even higher.
Read the complete analysis here: nikhil9154.wordpress...er-bullish-breakout/
Read the complete analysis here: nikhil9154.wordpress...er-bullish-breakout/