Dow Jones Industrial Average recently broke above the resistance level 16800.00 that was set as the buy target in our earlier technical analysis report for this index. The breakout of this resistance level continues the currently active minor upward impulse wave 3 from the middle of May.
Dow Jones Industrial Average is expected to rise further toward the next buy target at the round resistance level 17000.00 – followed by the next buy target at 17200.00 (forecast price for the completion of wave 3). Buy stop-loss can be placed below 16800.00.
The post HY MARKETS News: Index Report:Dow Jones Industrial Average appeared first on | HY Markets Official blog.