Let do some technical analysis on Dow Jones.
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)2) Support/Resistance - formed Higher high and all high( Bullish)
3) MACD - Bullish Crossover ( Bullish)
4) RSI - Rebound at 50% and going up ( Bullish)
5) STO - Broke 80% and going up. ( Bullish)
6) Ichimoku - a) Above support cloud (Bullish). b) Conversion line touching base line (Bullish if Conversion break apart or bearish if bearish crossover).
c) Price above the baseline ( Bullish)
7) Candlestick - Formed Bullish Engulfing ( Bullish) . What is bullish engulfing click here
Conclusion:
Bullish
Resistance at 13348 (All time high resistance)
Support at 13299/ 13134 / 13010
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