DJIA is testing the resistance
Is testing the long-term upside resistance 29150. For an upside continuation and a higher probability of the long trade entries, we need to see a confirmed break above this level. A rejection here is required for adownside reversal and a test of 26000. The overall medium-term is an uptrend but we need to see a confirmed break above the 29150 to see extension upside. We could see a reversal lower for another consolidation swing.
Note – We are inclined to long trade entries for but only on a confirmed break above 29150. Price action rejection would open a short trade entry
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