DOW JONES: Bottom buy signal. Target 45,600.

19 Nov

Dow Jones just turned neutral on its 1D technical outlook (RSI = 52.982, MACD = 339.670, ADX = 28.026) as it hit today the 4H MA200 after exactly 2 weeks. This is getting very close to the bottom of the 14 month Channel Up. Technically the last two HLs were formed when the 1D RSI double bottomed on the 30.00 oversold limit. Overall, this is a good enough buy opportunity to target yet another +6.80% bullish wave (TP = 45,600).

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