Timonrosso

UPDATE: Dow Jones almost reaching target at 37,242

Long
DJ:DJI   Dow Jones Industrial Average Index
SInce the price broke above the breakout pattern, the price has been moving on a strong but unsustainable inclination trend.

Yes, it will most likely hit the initial target 37,242 as we're almost there.

But, we also need to consider that in the next three weeks, we could have some consolidation range.

This doesn't mean, we should expect a crash afterwards. On the contrary with the US dollar weakening and with the interest rate hike on hold - means we should expect futher upside in 2024.

But I'll let you know...


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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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