Chart of the day

DJIA is testing the strong resistance 35000 which is a consolidation triangle and downtrend channel resistance. A confirmed break above will open the strong upside reversal and invalidate the downside.

A rejection here would lead to a reversal lower in the swing range lower bound 33700. A break above this level will lead to a strong extension higher and will give you a strong probability of a profitable long trade.

Long trades, you can open upon a break above 3500. This upside breakout should be used for long trades. For short trades, if you are more prone to risk you can open here with a stop loss just above 35000.

DJIA