SIA Weekly: What about "Markets continue higher?"

SIA Weekly: What about "Markets continue higher?"




Analyzing the chart for the SIA Dow Jones Industrial Average is anything but simple. Not stopping since moving through prior resistance of 18,664, the DJI.I could meet resistance next at 24,000, with 25,000 being the next big “milestone” or psychological resistance barrier. In the event of market weakness, support could be found at the 21,000 level. Then again at 19,000 and next at 18,298. Meeting either of these two levels of support would be met with a rather significant market correction. With an SMAX Score of 8, the DJI.I is exhibiting strength across the asset classes.

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