DOW JONES: The Channel bottomed. Strong buy opportunity.

Dow Jones is once more near the HL of the five month Channel Up. The neutral 1D technical outlook (RSI = 46.013, MACD = -68.570, ADX = 21.330) further suggests that this is a low risk buy opportunity. The HL on the 1D RSI is consistent with the trendlines of May 31st and March 22nd all of whom where bottoms. As long as the 1D MA100 holds, we will be on a long position aiming at a +6 rise in total (TP = 36,000).

Prior idea:


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##