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Lateral movement continues on the Dow Jones

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The key resistance is at 27,580 points

Technical analysis
RECTANGLE
RECTANGLE
S1
24,843
S2
22,789
R1
27,580
R2
29,568

Short term

Medium term

Long term

Lateral movement is maintained in the Dow Jones which continues to trade just above the 200-session average. Everything seems to indicate that it could be a lateral consolidation with everything ready so that we can end up seeing an extension of the gains to the key resistance of 27,580 points. If it manages to exceed this price level, the most normal thing is that we can end up seeing an extension of the profits to the annual maximums located at 29,568 points. Below that, the key support is at 24,843 points. We will not see a sign of weakness as long as it continues to trade above this level of demand.

m290720dowjones


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