Dow Jones Holds Near Seven-Month Highs: Levels to Know

Talking Points:

– US equities continue to hold on to recent gains, and the Dow Jones Industrial Average is holding near seven-month highs. The index has made little ground so far in September, and RSI has begun to show divergence – indicating that a deeper pullback may be nearing.

– Stocks have held up quite well through a variety of negative headlines and potential factors of pressure, highlighting just how strong that push has been on the bid. As global equities have put in a fairly strong showing so far this week, with both the DAX and FTSE recovering while the Nikkei has embarked on a vivid topside breakout – the potential for further gains remains in the Dow.

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Article source: https://www.dailyfx.com/forex/technical/article/special_report/2018/09/18/dow-jones-holds-near-seven-month-highs-levels-to-know-srepstans.html