Dow Jones – double bottom breakout running out of steam

DJIA

We are back at the neckline level of 16,510.98. I would be interested to see if the index rebounds today

It would be a strong buy signal if the index rebounds from the double bottom neckline level. The index, then, could target 17,000 levels.

If it break below the neckline, we would be heading down to double bottom levels

 

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