The Dow Jones Industrial Average bounced back from a test of the 21 EMA on Friday to close in the top of the day’s range and looks set to resume its upward march. The 15600 level is a fairly obvious area to watch (all time high at 15604.22) as potential resistance. If we clear the high, how far price will extend is anyone’s guess, but if you follow Simple Trading Principles, you at least know to avoid shorts here… and that’s 1/2 the battle.
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