DJIA Bulls Push Above 26k, Bears Shy Away After Mid-Terms

DJIA Talking Points:

– The equity recovery from the October sell-off continues, and bulls brought another gust of pressure to the bid today following the results from mid-term elections in the US last night. This has helped the Dow Jones Industrial Average make a move back above the 26k level following last week’s re-claim of 25k.

The forecast for the Dow this week was set to bullish in the Weekly Technical Forecast, looking for a zone of higher-low support to hold after buyers put in the initial stages of recovery last week. But now that the support zone has played out, where can bulls look for that next area of higher-low support? I look into two nearby areas in the article below.

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Article source: https://www.dailyfx.com/forex/technical/article/special_report/2018/11/07/djia-bulls-push-above-26kchart-resistance-bears-shy-away-after-mid-terms-srepstans.html