DJIA is rejected from the upside resistance
DJIA is rejected and is pulling back from the upside long-term resistance 33000. A break above this resistance is required for the upside continuation. This rejection and downside reversal if sustained could lead to a deeper pullback to 31000. This will not substantially change the uptrend. A complete reversal will happen on a break below 31000.
Note – Look for the short trades with the stop loss above 33000
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